<SEC-DOCUMENT>0001654954-18-014329.txt : 20181227
<SEC-HEADER>0001654954-18-014329.hdr.sgml : 20181227
<ACCEPTANCE-DATETIME>20181227160749
ACCESSION NUMBER:		0001654954-18-014329
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20181220
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181227
DATE AS OF CHANGE:		20181227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEMETIS, INC
		CENTRAL INDEX KEY:			0000738214
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				261407544
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36475
		FILM NUMBER:		181254773

	BUSINESS ADDRESS:	
		STREET 1:		20400 STEVENS CREEK BLVD
		STREET 2:		SUITE 700
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014
		BUSINESS PHONE:		408-517-3304

	MAIL ADDRESS:	
		STREET 1:		20400 STEVENS CREEK BLVD
		STREET 2:		SUITE 700
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AE BIOFUELS, INC.
		DATE OF NAME CHANGE:	20110714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AE Biofuels, Inc.
		DATE OF NAME CHANGE:	20071212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARWICH II LTD
		DATE OF NAME CHANGE:	19840123
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>amtx_8k.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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FORM&#xA0;8-K</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section&#xA0;13 OR 15(d)&#xA0;of the Securities
Exchange Act of 1934</font></div>
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Date of Report (Date of earliest event
reported):&#xA0;</font><font style="font-weight: bold; color: #000000">December 20,
2018</font></font></div>
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Aemetis, Inc.</font></div>
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(Exact name of registrant as specified in its charter)</font></div>
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Nevada</font></div>
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26-1407544</font></div>
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No.)</font></div>
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20400 Stevens Creek Blvd., Suite 700</font></div>
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Cupertino, CA 95014</font></div>
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<font style="color: #000000">Item 1.01</font> <font style="font-style: italic; color: #000000">Entry into a Material
Definitive Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On December 20, 2018 (the &#x201C;Signing Date&#x201D;), Aemetis
Biogas LLC, a Delaware limited liability company
(&#x201C;Biogas&#x201D;) whose outstanding Common Units (the
&#x201C;Common Units&#x201D;) are solely held by Aemetis, Inc. (the
&#x201C;Registrant&#x201D;), entered into a Series A Preferred Unit
Purchase Agreement (the &#x201C;Purchase Agreement&#x201D;) by and
among Biogas, Protair-X Americas, Inc. (the
&#x201C;Purchaser&#x201D;) and Third Eye Capital Corporation (the
&#x201C;Agent&#x201D;), in order to provide funding for Biogas to
develop, construct, complete and operate eleven dairy digesters to
collect biogas from manure ponds located near the
Registrant&#x2019;s Keyes ethanol plant, which will be purified and
compressed into natural gas for sale to transport fleets and
utilities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Pursuant to the Purchase Agreement, Biogas agreed to sell to the
Purchaser up to 6,000,000 Series A Preferred Units of Biogas (the
&#x201C;Series A Preferred Units&#x201D;) at a price per Series A
Preferred Unit of $5.00 for an aggregate purchase price of up to
$30,000,000 (the &#x201C;Purchase&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
At the first closing of the Purchase under the initial tranche,
which took place on the Signing Date (the &#x201C;Initial Closing
Date&#x201D;), Biogas sold and transferred 1,660,000 Series A
Preferred Units to Purchaser for aggregate consideration of
$8,300,000. Biogas may request that Purchaser purchase additional
Series A Preferred Units under the initial tranche upon
satisfaction of certain conditions set forth in the Purchase
Agreement;</font> <font style="text-decoration: underline; color: #000000">provided</font><font style="color: #000000">,
however, that no more than 3,200,000 Series A Preferred Units may
be sold to the Purchaser under the initial tranche. At the first
closing of the Purchase under the second tranche, Biogas agrees to
sell and transfer, and Purchaser agrees to purchase, a minimum of
200,000 but no more than 2,800,000 Series A Preferred Units, which
will occur within five business days following the satisfaction of
certain conditions precedent as set forth in Section 5.2 of the
Purchase Agreement, or otherwise on such date and time as Biogas,
the Purchaser and the Agent may mutually agree. Biogas may request
that Purchaser purchase additional Series A Preferred Units under
the second tranche upon satisfaction of certain conditions set
forth in the Purchase Agreement;</font> <font style="text-decoration: underline; color: #000000">provided</font><font style="color: #000000">,
however, that no more than 2,800,000 Series A Preferred Units may
be sold to the Purchaser under the second
tranche.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In connection with the Purchase Agreement, on December 19, 2018,
Biogas amended and restated its operating agreement, dated as of
March 23, 2018, by and between Biogas and the Registrant (as
amended, the &#x201C;Amended and Restated LLC Agreement&#x201D;) to,
among other things, create, authorize and establish the rights and
preferences of the Series A Preferred Units and reflect Purchaser
becoming a member of Biogas. Pursuant to the Amended and Restated
LLC Agreement, the Series A Preferred Units accrue preference
payments of $0.50 per unit per calendar year, payable quarterly,
commencing on the second anniversary of the Initial Closing Date
(the &#x201C;Preference Payments&#x201D;) and have a liquidation
preference of $15 per unit in preference to all other membership
interests of Biogas.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In the event Biogas proposes to offer or sell any of its equity
securities, holders of Series A Preferred Units have preemptive
rights. Additionally, Series A Preferred Units are convertible at
the option of the holder into the same number of Common Units,
subject to certain conditions and anti-dilutive
adjustments.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Biogas must mandatorily redeem a number of Series A Preferred Units
on a quarterly basis, subject to certain conditions and
limitations. On the sixth anniversary of the Signing Date, all
outstanding Series A Preferred Units will be redeemed by Biogas for
an aggregate amount equal to the liquidation value plus all accrued
and unpaid Preference Payments on the Series A Preferred
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The obligations and liabilities of Biogas under the Purchase
Agreement are secured by a first priority lien over all assets of
Biogas pursuant to a Security Agreement by and between Biogas and
the Agent (the &#x201C;Security Agreement&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The foregoing descriptions of the Purchase Agreement, Amended and
Restated LLC Agreement and Security Agreement are qualified in
their entirety by reference to the Purchase Agreement, Amended and
Restated LLC Agreement and Security Agreement attached hereto as
Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3 respectively, which are
incorporated herein by reference.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">Item 2.03</font> <font style="font-style: italic; color: #000000">Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
To the extent required by Item 2.03, the information contained in
Item 1.01 of this Current Report on Form 8-K is incorporated herein
by reference.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">Item 9.01.</font> <font style="font-style: italic; color: #000000">Financial Statements and
Exhibits</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)
Exhibits.</font></div>
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EXHIBIT&#xA0;NUMBER</font></div>
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DESCRIPTION</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Exhibit <a href="amtx_ex101.htm">10.1</a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 74%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Series
A Preferred Unit Purchase Agreement, dated as of December 20, 2018,
by and among Aemetis Biogas LLC, Protair-X Americas, Inc. and Third
Eye Capital Corporation</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 25%">
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Exhibit <a href="amtx_ex102.htm">10.2</a></font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Amended
and Restated Limited Liability Company Agreement of Aemetis Biogas
LLC, dated as of December 19, 2018, by and among Aemetis Biogas
LLC, Aemetis, Inc. and Protair-X Americas, Inc.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 25%">
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Exhibit <a href="amtx_ex103.htm">10.3</a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 74%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Security
Agreement, dated as of December 20, 2018, by and between Aemetis
Biogas LLC and Third Eye Capital</font></div>
</td>
</tr></table>
</div>
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SIGNATURES</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
AEMETIS, INC.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">/s/
Eric A. McAfee</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Name:</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Eric
A. McAfee</font></div>
</td>
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<td style="vertical-align: bottom; width: 35%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td colspan="2" style="vertical-align: bottom; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Chief
Executive Officer</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 35%">
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">December
27, 2018</font></div>
</td>
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</td>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 1px">&#xA0;</font><font style="color: #000000">(Principal Executive Officer)</font></font></div>
</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>amtx_ex101.htm
<DESCRIPTION>SERIES A PREFERRED UNIT PURCHASE AGREEMENT, DATED AS OF DECEMBER 20, 2018
<TEXT>
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<font style="font-family: Times New Roman; font-size: 13px">Exhibit
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AEMETIS BIOGAS LLC</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SERIES A PREFERRED UNIT PURCHASE AGREEMENT</font></div>
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TABLE OF CONTENTS</font></div>
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Page</font></div>
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ARTICLE I. DEFINITIONS</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1</font></div>
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Section 1.1</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Defined Terms Used in this Agreement</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
1</font></div>
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Section 1.2</font></div>
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Terms Generally</font></div>
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13</font></div>
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ARTICLE II. PURCHASE AND SALE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">13</font></div>
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</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Sale and Purchase of Series A Preferred Units</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Closings</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.3</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Use of Proceeds</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
15</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 96%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE III. REPRESENTATIONS AND WARRANTIES OF COMPANY</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">16</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Representations and Warranties of the Company</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
16</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Organization, Good Standing, Power and Qualification</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
16</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.3</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Capitalization</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
16</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.4</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Subsidiaries</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
17</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.5</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Authorization</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
17</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.6</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Issuance of Series A Preferred Units</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
17</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.7</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Governmental Consents and Filings</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
17</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.8</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Litigation</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
18</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.9</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
18</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.10</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Compliance with Other Instruments; No Conflict</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
18</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.11</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Project Contracts; Material Agreements; Other Actions</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
19</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.12</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certain Transactions</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
19</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.13</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Rights of Registration and Voting Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
20</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.14</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Title to Assets</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.15</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Projections</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
20</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.16</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Employee Matters</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.17</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Tax Returns and Payments</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.18</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Insurance</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.19</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Permits; DDRDP Grants</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.20</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Real Property Holding Company</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.21</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Environmental and Safety Laws</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.22</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Disclosure</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.23</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Foreign Corrupt Practices Act</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.24</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Money Laundering</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.25</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Contractors, Subcontractors and Suppliers</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
24</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 96%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF
PURCHASER</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">24</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Representations and Warranties of the Purchaser</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
24</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Authorization</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
24</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.3</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Purchase for Own Account</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
25</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.4</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Restricted Securities</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
24</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.5</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Public Market</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
24</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.6</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Legends</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
25</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.7</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Accredited Investor</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.8</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No General Solicitation</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.9</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Foreign Investors</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.10</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
[Reserved]</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.11</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Reliance</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">i</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 96%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE V. CLOSING CONDITIONS</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">26</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Conditions to the Purchaser&#x2019;s Obligations at Initial Closing
and Each Other Closing of a Purchase Under the Initial
Tranche</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Conditions to Purchaser&#x2019;s Obligations at Subsequent Closing
and Each Other Closing of a Purchase Under the Second
Tranche</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
29</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 96%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE VI. COVENANTS</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">30</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Information Reporting and Monitoring</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
31</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certain Notifications Until Final Redemption Date</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.3</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Preference Payments</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.4</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Liquidation; Deemed Liquidation.</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.5</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Conversion</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
36</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.6</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Voting Generally</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
38</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.7</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Board</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
39</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.8</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Series A Preferred Units Protective Provisions</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
39</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.9</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Redemption</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
41</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.10</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Preemptive Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
42</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.11</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Closing Fee</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
43</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.12</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Unit Ownership Ledger</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
43</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.13</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
D&amp;O and Other Insurance</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
43</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.14</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Financial Covenants</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
44</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.15</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Operational Covenants</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
44</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.16</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Other Covenants</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
46</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.17</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Collateral</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
46</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.18</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Post-Closing Obligations</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
47</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 96%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE VII. TRIGGER EVENTS AND REMEDIES</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">47</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Trigger Events</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
48</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Redemption and other Remedies upon Trigger Event</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
49</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.3</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Mandatory Redemption on Bankruptcy Trigger Event</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
50</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.4</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Application of Funds</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
50</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 96%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE VIII. MISCELLANEOUS</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">50</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.1</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Survival of Warranties</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
50</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.2</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Successors and Assigns</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
51</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">ii</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.3</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Governing Law</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
51</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.4</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Counterparts</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
51</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.5</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Titles and Subtitles</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
51</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.6</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
51</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.7</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Finder&#x2019;s Fees</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
51</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.8</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Fees and Expenses; Taxes; Indemnification</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
52</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.9</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Time of the Essence</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
53</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.10</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Amendments and Waivers</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
54</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.11</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Severability</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
54</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.12</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Delays or Omissions; Independence of Covenants</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
54</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.13</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Entire Agreement</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
54</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.14</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Corporate Securities Law</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
54</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.15</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Termination of Closing Obligations</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
55</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.16</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Submission to Jurisdiction; Jury Trial Waiver</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
55</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.17</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Commitment for Additional Financing</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
56</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.18</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Press Releases and Announcements</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
56</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.19</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Replacement of Certificates</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
56</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.20</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Remedies</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
56</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.21</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Advisory or Fiduciary Responsibility</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
57</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.22</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Payments Set Aside</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
57</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.23</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Payments Generally</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
57</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.24</font></div>
</td>
<td style="vertical-align: bottom; width: 86%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Acknowledgments</font></div>
</td>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
58</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">EXHIBITS</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit A</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">FUNDING
TRANCHES</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit B</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">DISCLOSURE
SCHEDULE</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit C</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">FORM OF LEGAL
OPINION OF COUNSEL TO COMPANY</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit D</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">FORM OF PURCHASE
REQUEST</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit E</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">FORM OF MONTHLY
REPORT</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit F</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">MANAGEMENT SERVICES
AGREEMENT</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit G</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">INDEMNIFICATION
AGREEMENT</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit H</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">PROJECT
BUDGET</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit I</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">GANTT
CHART</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit J</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">FORM OF COMPLIANCE
CERTIFICATE</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibit K</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">FORM OF WEEKLY
REPORT</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ANNEXES</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 132px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Annex I</font></font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">ADDITIONAL
CONDITIONS PRECEDENT</font></font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Annex II</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">ASSUMPTIONS
SCHEDULE</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Annex III</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">USE OF PROCEEDS
SCHEDULE</font></div>
</div>
</div>
<div style="display: table; margin-left: 48px">
<div style="display: table-row">
<div style="display: table-cell; width: 132px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Annex IV</font>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">POST-CLOSING
OBLIGATIONS OF COMPANY</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">iii</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SERIES A PREFERRED UNIT PURCHASE AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">THIS
SERIES A PREFERRED UNIT PURCHASE AGREEMENT (this
&#x201C;<font style="font-weight: bold">Agreement</font>&#x201D;), is
made as of the 20th day of December, 2018 (the &#x201C;<font style="font-weight: bold">Signing Date</font>&#x201D;), by and among
AEMETIS BIOGAS LLC, a Delaware limited liability company (the
&#x201C;<font style="font-weight: bold">Company</font>&#x201D;),
PROTAIR-X AMERICAS, INC., a Delaware corporation (the
&#x201C;<font style="font-weight: bold">Purchaser</font>&#x201D;),
and THIRD EYE CAPITAL CORPORATION, as agent for the Purchaser (in
such capacity, the &#x201C;<font style="font-weight: bold">Agent</font>&#x201D;<font style="font-weight: bold">)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as of the
date hereof, the Company and Aemetis (as defined below) have
adopted that certain Amended and Restated Limited Liability Company
Agreement of the Company (the &#x201C;<font style="font-weight: bold">Company Agreement</font>&#x201D;), dated as of
the date hereof, which, among other things, authorizes the issuance
by the Company of the Series A Preferred Units to be purchased by
the Purchaser hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, to finance
the Project (as defined below), the Company and the Purchaser
desire to enter into this Agreement pursuant to which the Purchaser
shall purchase from the Company, and the Company shall issue and
sell to the Purchaser, up to six million (6,000,000) Series A
Preferred Units (as defined below) in the aggregate to be issued in
separate Closings for an aggregate purchase price of up to
$30,000,000.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties to this
Agreement hereby agree as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE I.&#xA0;<a name="_Toc523483486">
<!--anchor--></a></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
DEFINITIONS</font><br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
1.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Defined
Terms Used in this Agreement</font><font style="font-family: Times New Roman; font-size: 13px">. In addition to
the terms defined above, the following terms used in this Agreement
shall be construed to have the meanings set forth or referenced
below.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Action</font>&#x201D; means an action, charge,
claim, complaint, dispute, suit, arbitration, inquiry, notice of
violation, investigation, or proceeding (including, without
limitation, an informal investigation or partial proceeding, such
as a deposition), whether commenced, threatened, legal, civil,
criminal, administrative, regulatory or otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Additional Digesters</font>&#x201D; means nine
(9) dairy covered lagoon digesters to be built on certain dairy
premises, for the portion of the Project that will be Developed
pursuant to the Additional Digester Contracts. Each Additional
Digester shall have an average size of 2,200 WCE per
dairy.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Additional Digester Contracts</font>&#x201D;
means contracts entered or to be entered into by the Company with
dairies for building and operating the Additional Digesters that
are in addition to the Initial Digesters.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Additional Mortgages</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 5.3(e)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold">Aemetis</font>&#x201D;
means Aemetis, Inc., a Nevada corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Aemetis Advanced Fuels</font>&#x201D; means
Aemetis Advanced Fuels, Inc., a California
corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">1</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Affiliate</font>&#x201D; means, with respect to
any specified Person, any other Person who, directly or indirectly,
controls, is controlled by, or is under common control with such
Person, including, without limitation, any general partner,
managing member, officer, director or trustee of such Person, or
any venture capital fund or registered investment company now or
hereafter existing that is controlled by one or more general
partners, managing members or investment advisers of, or shares the
same management company or investment adviser with, such
Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Agent</font>&#x201D; has the meaning specified
in the preamble of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Agent&#x2019;s Account</font>&#x201D; means an
account at a bank in Toronto, Ontario, Canada designated by the
Agent from time to time as the account into which the Company shall
make all payments to the Agent under this Agreement and the other
Transaction Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Agreement</font>&#x201D; has the meaning
specified in the preamble of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Applicable Securities Laws</font>&#x201D; means
the Securities Act and any applicable state securities Laws of the
United States.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Assumptions Schedule</font>&#x201D; means Annex
II of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Bankruptcy Event</font>&#x201D; means, with
respect to any Person, the occurrence of one or more of the
following events: (a) such Person (i) admits in writing its
inability to pay its debts as they become due, (ii)&#xA0;files, or
consents or acquiesces by answer or otherwise to the filing against
it of a petition for relief or reorganization or rearrangement,
readjustment or similar relief or any other petition in bankruptcy,
for liquidation or to take advantage of any bankruptcy, insolvency,
dissolution, reorganization, moratorium or other similar Law of any
jurisdiction, (iii) makes an assignment for the benefit of its
creditors, (iv)&#xA0;consents to the appointment of a custodian,
receiver, trustee or other officer with similar powers with respect
to it or with respect to any substantial part of its property, (v)
is adjudicated as bankrupt or as insolvent or to be liquidated,
(vi) gives notice to any Governmental Authority of insolvency or
pending insolvency, or (vii)&#xA0;takes corporate action for the
purpose of any of the foregoing; or (b) a court of Governmental
Authority of competent jurisdiction enters an order appointing,
without consent by such Person, a custodian, receiver, trustee or
other officer with similar powers with respect to it or with
respect to any substantial part of its property, or constituting an
order for relief or approving a petition for relief or
reorganization or any other petition in bankruptcy or for
liquidation or to take advantage of any bankruptcy or insolvency
Law of any jurisdiction, or ordering the dissolution, winding-up or
liquidation of such Person, or a petition or involuntary case with
respect to any of the foregoing shall be filed or commenced against
such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold">Bankruptcy
Trigger Event</font>&#x201D; means the occurrence of an actual or
deemed entry of an order for relief with respect to the Company
under the Bankruptcy Code of the United States.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Board</font>&#x201D; means the Board of Managers
of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Budge</font>t&#x201D; has the meaning specified
in <font style="text-decoration: underline">Section
6.1(a)(i)(y)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Business Day</font>&#x201D; means any day except
any Saturday, any Sunday, any day which is a federal legal holiday
in the United States or Canada or any day on which banking
institutions in Canada or the State of California are authorized or
required by Law or other governmental Action to close.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Certificate of Formation</font>&#x201D; means
the Certificate of Formation of the Company filed with the Delaware
Secretary of State.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Change of Control</font>&#x201D; means any of
the following events:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Aemetis shall at
any time fail to directly own, legally and beneficially (free and
clear of all Liens except Liens created or permitted pursuant to
the Note Purchase Agreement), at least one hundred percent (100%)
of the issued and outstanding Common Units of the Company;
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Eric McAfee shall
cease to be active in the management of the Company;
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">a sale, lease,
exclusive license or other disposition, in a single transaction or
series of related transactions, of all or substantially all of the
assets of the Company and its Subsidiaries on a consolidated basis;
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any sale or other
disposition of the Keyes Plant; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Company shall
consummate a Delaware LLC Division; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the consummation,
whether through a single transaction or series of related
transactions, of a merger or consolidation of the Company with or
into another Person or any other reorganization or sale of Units or
other Equity Securities, if Persons who were not Members (or
Affiliates of Members) immediately prior to such merger,
consolidation, reorganization or sale own immediately after such
merger, consolidation, reorganization or sale a majority of the
voting power of the outstanding Equity Securities of the continuing
or surviving Person (or, if the continuing or surviving Person is a
wholly owned Subsidiary of a Person, any direct or indirect parent
of such continuing or surviving Person).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Closing</font>&#x201D; means the Initial
Closing, the Subsequent Closing or the closing of any other
Purchase, as applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Closing Date</font>&#x201D; means the Initial
Closing Date, the Subsequent Closing Date or the date of any other
Closing, as applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">CNG Transportation Agreements</font>&#x201D; has
the meaning specified in <font style="text-decoration: underline">Section 6.16(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Code</font>&#x201D; means the Internal Revenue
Code of 1986, as amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Collatera</font>l&#x201D; means all present and
future assets of the Company, including the Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Collateral Documents</font>&#x201D; means,
collectively, the Security Agreement, the Mortgages and any other
agreements, instruments and documents executed in connection with
this Agreement that are intended to create, perfect, preserve,
protect or evidence Liens securing or intended to secure the
Obligations, including, without limitation, all other security
agreements, mortgages, deeds of trust, pledge agreements, powers of
attorney, consents, landlord and mortgagee waivers, lien waivers,
consents, subordinations, non-disturbance and other agreements, and
financing statements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Common Unit</font>&#x201D; means a Unit in the
Company designated as a &#x201C;Common Unit&#x201D; and which shall
provide the holder thereof with the rights and obligations
specified with respect to a Common Unit in the Company
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Company</font>&#x201D; has the meaning specified
in the preamble of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Company Agreement</font>&#x201D; has the meaning
specified in the first recital of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Compliance Certificate</font>&#x201D; means a
certificate substantially in the form of <font style="text-decoration: underline">Exhibit J</font> or such other form as
may be approved by the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Conversion Price</font>&#x201D; means $5.00 per
Series A Preferred Unit.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Conversion Time</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
6.5(c)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Conversion Units</font>&#x201D; means the Common
Units issuable upon conversion of Series A Preferred
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">DDRDP</font>&#x201D; means the California
Department of Food and Agriculture Dairy Digester Research and
Development Program.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Debtor Relief Laws</font>&#x201D; means the
Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency,
reorganization, or similar debtor relief Laws of the United States
or other applicable jurisdictions from time to time in effect and
affecting the rights of creditors generally.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Deemed Liquidation</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 6.4(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Delaware LLC Act</font>&#x201D; means the
Delaware Limited Liability Company Act, as amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Delaware LLC</font>&#x201D; means any limited
liability company organized or formed under the laws of the State
of Delaware.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Delaware LLC Division</font>&#x201D; means the
statutory division of any Delaware LLC into two or more Delaware
LLCs pursuant to Section 18-217 of the Delaware LLC
Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Development</font>&#x201D; means the
development, engineering, ownership, financing, occupation,
construction, equipping, testing, commissioning, alteration,
repair, operation, maintenance and use of the Project, and
&#x201C;<font style="font-weight: bold">Developed</font>&#x201D;
shall have a meaning correlative thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Digesters</font>&#x201D; means, collectively,
the Initial Digesters and the Additional Digesters.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Dollar</font>&#x201D; and &#x201C;<font style="font-weight: bold">$</font>&#x201D; mean lawful money of the United
States.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Environmental Laws</font>&#x201D; means any and
all foreign, Federal, state, local or municipal laws, rules,
orders, regulations, statutes, ordinances, codes, decrees,
requirements of any Governmental Authority or other Law (including
common law) regulating, relating to or imposing liability or
standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in
effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">Equity
Securities</font><font style="color: #191919">&#x201D; means, with
respect to the Company, all of the Units of (or other ownership or
profit interests in) the Company, all the warrants, options or
other rights for the purchase or acquisition of Units from (or
other ownership or profit interests in) the Company, all securities
and/or instruments (including, without limitation, bonds, notes or
other obligations) convertible into or exchangeable for Units of
(or other ownership or profit interests in) the Company, all
warrants, rights or options for the purchase or acquisition from
the Company of Units (or other ownership or profits interests), and
all of the other ownership or profit interests in the Company
(including Member interests therein), whether voting or nonvoting,
and whether or not such Units, warrants, options, rights or other
interests are outstanding on any date of
determination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">ERISA</font><font style="color: #191919">&#x201D; means the Employee Retirement Income
Security Act of 1974, as amended or modified from time to time, and
the rules and regulations promulgated
thereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">ERISA
Affiliate</font><font style="color: #191919">&#x201D; means any
trade or business (whether or not incorporated) under common
control with the Company within the meaning of Section 414(b) or
(c) of the Code (and Sections 414(m) and (o) of the Code for
purposes of provisions relating to Section 412 of the
Code).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">ERISA Event</font><font style="color: #191919">&#x201D; means (a) a Reportable Event with respect
to a Pension Plan; (b) the withdrawal of the Company or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA
during a plan year in which such entity was a &#x201C;substantial
employer&#x201D; as defined in Section 4001(a)(2) of ERISA or a
cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by
the Company or any ERISA Affiliate from a Multiemployer Plan or
notification that a Multiemployer Plan is in reorganization; (d)
the filing of a notice of intent to terminate, the treatment of a
Pension Plan amendment as a termination under Sections 4041 or
4041A of ERISA; (e)&#xA0;the institution by the PBGC of proceedings
to terminate a Pension Plan; (f) any event or condition which
constitutes grounds under Section 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Pension
Plan; (g) the determination that any Pension Plan is considered an
at-risk plan or a plan in endangered or critical status within the
meaning of Sections 430, 431 and 432 of the Internal Revenue Code
or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due
but not delinquent under Section 4007 of ERISA, upon the Company or
any ERISA Affiliate.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">Fair Market
Value</font><font style="color: #191919">&#x201D; of any asset shall
mean the fair value thereof as of the date of valuation as
determined by the Board in good faith on the basis of an orderly
sale to a willing, unaffiliated buyer in an arm&#x2019;s length
transaction occurring on the date of valuation and, in the
case.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">Final Redemption
Date</font><font style="color: #191919">&#x201D; has the meaning
specified in</font> <font style="text-decoration: underline; color: #191919">Section
6.9(b)</font><font style="color: #191919">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">Final Redemption
Price</font><font style="color: #191919">&#x201D; has the meaning
specified in</font> <font style="text-decoration: underline; color: #191919">Section
6.9(b)</font><font style="color: #191919">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">Free Cash
Flow</font><font style="color: #191919">&#x201D; means, for any
period, the sum of Operating Cash Flow plus (i) DDRDP, California
Department of Food and Agriculture or any such alternative
government grants; plus (ii)&#xA0;proceeds from any financing
(other than loans, grants, or guarantees from the United States
Department of Agriculture (&#x201C;</font><font style="font-weight: bold; color: #191919">USDA</font><font style="color: #191919">&#x201D;)); less (iii) Preference Payments paid in
cash, less (iv) the amount necessary to maintain the WC Reserve and
fund capital expenditures in excess of the initial budget in such
period, in each case calculated for the Company for such period in
accordance with GAAP.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #191919">&#x201C;</font><font style="font-weight: bold; color: #191919">Fully Exercising
Member</font><font style="color: #191919">&#x201D; has the meaning
specified in</font> <font style="text-decoration: underline; color: #191919">Section
6.10(c).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">GAAP</font>&#x201D; means United States
generally accepted accounting principles in effect from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Gantt Chart</font>&#x201D; means the collective
reference to the detailed project management Gantt charts,
including planning, design, construction, commissioning and
operationalization stages, and detailing tasks, timelines and
interdependencies of the Project, copies of which are attached
hereto as <font style="text-decoration: underline">Exhibit
I</font>, as the same may be amended, modified or supplemented from
time to time (including the addition from time to time of Gantt
Charts for Additional Digesters), in each case with the prior
written approval of both the Agent and the Third Party
Consultant.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Governmental Authority</font>&#x201D; means any
federal, state, local or foreign government or political
subdivision thereof, or any agency or instrumentality of such
government or political subdivision, or any self-regulated
organization or other non-governmental regulatory authority or
quasi-governmental authority (to the extent that the rules,
regulations or orders of such organization or authority have the
force of Law), or any arbitrator, court or tribunal of competent
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Guarantee</font>&#x201D; by any Person means any
obligation or liability, contingent or otherwise, of such Person
directly or indirectly guaranteeing any Indebtedness or other
obligation of any other Person as well as any obligation or
liability, direct or indirect, contingent or otherwise, of such
Person (a) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other obligation or
liability (whether arising by virtue of partnership arrangements,
by agreement to keep well, to purchase assets, goods, securities or
services, to operate property, to take or pay, or to maintain net
worth or working capital or other financial statement conditions or
otherwise) or (b) entered into for the purpose of indemnifying or
assuring in any other manner the obligee of such Indebtedness or
other obligation or liability of the payment thereof or to protect
the obligee against loss in respect thereof (in whole or in part),
<font style="text-decoration: underline">provided</font> that the
term Guarantee shall not include endorsements for collection or
deposit in the ordinary course of business. The term
&#x201C;<font style="font-weight: bold">Guarantee</font>&#x201D; used
as a verb has a corresponding meaning.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Hazardous Substances</font>&#x201D; means all
explosive or radioactive substances or wastes and all hazardous or
toxic substances, wastes or other pollutants, including petroleum
or petroleum distillates, asbestos or asbestos-containing
materials, polychlorinated biphenyls, radon gas, infectious or
medical wastes and all other substances or wastes of any nature
regulated pursuant to any Environmental Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Indebtedness</font>&#x201D; means, without
duplication, (a) all obligations for borrowed money, (b) all
obligations evidenced by bonds, debentures, notes or other similar
instruments or debt securities, (c) all obligations under swaps,
hedges or similar instruments, (d) all obligations for the deferred
purchase price of any property or services (other than trade
accounts payable and accrued expenses incurred in the ordinary
course of business), (d) all obligations created or arising under
any conditional sale or other title retention agreement, (f) all
obligations secured by a Lien, (g) all obligations under leases
which shall have been or should be, in accordance with GAAP,
recorded as capital leases, (h) all obligations in respect of
bankers&#x2019; acceptances or letters of credit, (i) all guarantees
of any of the foregoing, and (j) all interest, principal,
prepayment penalties, premiums, fees or expenses due or owing in
respect of any item listed in clauses (a) through (i)
above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Indemnification Agreement</font>&#x201D; means
the Indemnification Agreement, dated as of the date hereof, in
substantially the form of <font style="text-decoration: underline">Exhibit G</font>, to be executed by
the Company in favor the member of the Board appointed by the
Purchaser.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Indemnitee</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
8.8(d)</font> hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Closing</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
2.2(a)</font> hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Closing Date</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 2.2(a</font>)
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Digesters&#x201D;</font> means two (2)
dairy covered lagoon digesters to be Developed on certain dairy
premises known as the Ahlem Farms Jerseys Dairy and the Double D
Dairy in accordance with the Gantt Chart and the Project Budget.
Each Initial Digester shall have an average size of 2,200 WCE per
dairy.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Mortgages</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
5.1(i)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Insurance Policies</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 3.18</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Intellectual Property</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 3.9</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Purchase</font>&#x201D; means the
Purchase by the Purchaser of 1,600,000 Series A Preferred Units on
the Initial Closing Date for $8,000,000.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Tranche</font>&#x201D; means the
&#x201C;Initial Tranche&#x201D; described on <font style="text-decoration: underline">Exhibit A</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Tranche Request</font>&#x201D; means a
request for a Purchase pursuant to the Initial
Tranche.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Initial Units</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
2.2(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Junior Securities</font>&#x201D; means any class
or series of Equity Securities that, with respect to dividends and
distributions on such Equity Securities, the redemption of such
Equity Securities and distributions upon the liquidation,
dissolution and winding up of the Company, ranks junior to the
Series A Preferred Units, and the term &#x201C;Junior
Securities&#x201D; shall include all Common Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Keyes Plant</font>&#x201D; means Aemetis&#x2019;
ethanol facility located in Keyes, California.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Knowledge of the
Company</font>&#x201D;<font style="font-weight: bold">&#xA0;</font>or<font style="font-weight: bold">&#xA0;</font>the <font style="font-weight: bold">&#x201C;Company&#x2019;s Knowledge</font>&#x201D;
or any other similar knowledge qualification, means the actual or
constructive knowledge of any manager or officer of the Company,
after due inquiry.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Law</font>&#x201D; means, collectively, all
international, foreign, Federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the
interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or
administration thereof, and all applicable administrative orders,
directed duties, requests, licenses, authorizations and permits of,
and agreements with, any Governmental Authority, in each case
whether or not having the force of law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Lease</font>&#x201D; means, with respect to each
Digester, the lease and manure supply agreement and any comparable
agreements between the Company, the fee owner of the real property
on which such Digester is or will be located, and/or the operator
or owner of the dairy on such real property. Each Lease and all
related documents must be satisfactory in form and substance to the
Agent, including, in the case of a Lease that is a sublease, the
related primary lease.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Lien</font>&#x201D; means a lien, charge,
pledge, security interest, encumbrance, option, right of first
refusal, preemptive right, or other restriction of any kind,
including any restriction on use, voting, receipt of income or
exercise of any other attribute of ownership.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Liquidation</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
6.4(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Liquidation Value</font>&#x201D; means, on any
date, $15.00 per Series A Preferred Unit (as adjusted for any
splits, recapitalizations or similar transaction with respect to
the Series A Preferred Units).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Maas Energy</font>&#x201D; means Maas Energy
Works, Inc., a corporation organized under the laws of the State of
Washington.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Maas Energy Contract</font>&#x201D; means the
Development and Operations &amp; Maintenance Agreement, dated
February 9, 2018, between Maas Energy and Aemetis Advanced Fuels,
which has been assigned by Aemetis Advanced Fuels to the Company
pursuant to an Assignment and Assumption Agreement dated as of
September 28, 2018, between Aemetis Advanced Fuels and the Company
and consented to by Mass Energy.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold">Manage</font>r&#x201D;
means, at any time, a then current member of the Board, who will be
deemed a &#x201C;manager&#x201D; (as defined in the Delaware LLC
Act), but will be subject to the rights, obligations and
limitations set forth in the Company Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Management Agreement</font>&#x201D; means the
Management Services Agreement, dated December 14, 2018 between the
Company and Aemetis.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Material Adverse Effect</font>&#x201D; means any
condition or circumstance which, in the opinion of the Purchaser or
the Agent, acting reasonably, has had, or could reasonably be
expected to have, (a)&#xA0;a material adverse effect on (i) the
Project; or (ii) the property, assets, nature of assets, business,
results of operations, performance, liabilities or condition
(financial or otherwise) of the Company; or (iii) the rights or
remedies of the Agent or the Purchaser under the Transaction
Documents or the ability of the Company to perform its obligations
to the Agent or the Purchaser in connection with the each Purchase
and under the Transaction Documents; or (b) an effect that prevents
or materially impairs the ability of the Company to perform its
obligations under the Project Contracts or to complete the Project
in accordance with the Project Budget and the Gantt
Chart.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Maximum Permitted Rate</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 6.9(c).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Member</font>&#x201D; means each of the Persons
listed on the Unit Ownership Ledger attached to the Company
Agreement and any Person admitted to the Company as a substituted
Member or additional Member; but in each case only for so long as
such Person is shown on the Company&#x2019;s books and records as
the owner of one or more Units. The Members shall constitute the
&#x201C;members&#x201D; (as defined in the Delaware LLC Act) of the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Milestones</font>&#x201D; means the activities
to be performed by the Company in relation to the Development of
the Project, including the delivery of equipment, construction of
the Project, entering into contracts with dairy farms for manure
supply, biogas collection and discharge of effluents, obtaining
pipeline rights of way, application and receipt of government
grants from the State of California, the application for and
receipt of Permits for the Development of the Project, and budgets
and time frames for all such activities, all as more particularly
set out in the Gantt Chart.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Money Laundering Laws</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 3.24</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Mortgages</font>&#x201D; means each of the
leasehold deeds of trust made or to be made by the Company in favor
of the Agent for the benefit of itself and the other Secured
Parties, which cover or will cover all or part of the Project. Each
Mortgage must be satisfactory in form and substance to the
Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Multiemployer Plan</font>&#x201D; means any
employee benefit plan of the type described in Section 4001(a)(3)
of ERISA, to which the Company or any ERISA Affiliate makes or is
obligated to make contributions, or during the preceding five plan
years, has made or been obligated to make
contributions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Note Purchase Agreement</font>&#x201D; means the
Amended and Restated Note Purchase Agreement, dated July 6, 2012,
among Aemetis Advanced Fuels Keys, Inc. and Keyes Facility
Acquisition Corp., as borrower, Aemetis, as the parent, and Third
Eye Capital Corporation, as administrative agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Obligations</font>&#x201D; means all liabilities
(including interest, fees, expenses, charges, reimbursement
obligations and indemnities), obligations (including redemption
obligations), covenants and duties of, the Company arising under
this Agreement or any other Transaction Document, in each case
whether direct or indirect, absolute or contingent, due or to
become due, now existing or hereafter arising and including all
interest, fees, expenses, charges, reimbursement obligations and
indemnities that accrue after the commencement by or against the
Company or any Affiliate thereof of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest, fees, expenses, charges,
reimbursement obligations or indemnities are allowed claims in such
proceeding.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">OFAC</font>&#x201D; has he meaning specified in
<font style="text-decoration: underline">Section
3.23(c)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Offer Notice</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
6.10(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Operating Cash Flow</font>&#x201D; means for any
period the sum of (i) all revenues, including revenues from the
sale of natural gas production, sales of Low Carbon Fuel Standard
(&#x201C;<font style="font-weight: bold">LCFS</font>&#x201D;)
credits, and sales of Renewable Identification Number
(&#x201C;<font style="font-weight: bold">RIN</font>&#x201D;) credits;
less (ii) all operating costs (other than management fees paid to
Aemetis), operating and maintenance fees, insurance costs,
engineering and construction bonuses, taxes, and any unfunded
capital expenditures, in each case calculated for the Company for
such period in accordance with GAAP.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Parent Consent</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Annex
I</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;PBGC</font>&#x201D; means the Pension
Benefit Guaranty Corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">PCBs</font>&#x201D; has the meaning specified in
<font style="text-decoration: underline">Section
3.21</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Pension Plan</font>&#x201D; means any employee
pension benefit plan (including a Multiple Employer Plan or a
Multiemployer Plan) that is maintained or is contributed to by the
Company and any ERISA Affiliate and is either covered by Title IV
of ERISA or is subject to minimum funding standards under Section
412 of the Internal Revenue Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Permits</font>&#x201D; means all permits,
licenses, franchises, approvals, authorizations, registrations,
certificates, licenses, variances and similar rights obtained, or
required to be obtained, from Governmental Authorities in
connection with the Development of the Project and/or the operation
of the Company&#x2019;s business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Person</font>&#x201D; means an individual or
corporation, partnership, trust, incorporated or unincorporated
association, joint venture, limited liability company, joint stock
company, Governmental Authority or other entity of any
kind.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Plan</font>&#x201D; means any employee benefit
plan within the meaning of Section 3(3) of ERISA (including a
Pension Plan), maintained for employees of the Company or any ERISA
Affiliate or any such Plan to which the Company or any ERISA
Affiliate is required to contribute on behalf of any of its
employees.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Potential Trigger Event</font>&#x201D; means any
event or condition that constitutes a Trigger Event or that, with
the giving of any notice, the passage of time, or both, would be a
Trigger Event.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Preemptive Right Member</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 6.10(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Preference Payments</font>&#x201D; means the
fixed quarterly payments due on the Series A Preferred Units at the
rate of $0.50 per such Unit per annum as indicated in Section 6.3
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Projec</font>t&#x201D; means the development,
construction, completion and operation by the Company of a cluster
of eleven (11) dairy Digesters to collect biogas from manure ponds
located near the Keyes Plant, which will be purified and compressed
into natural gas for sale to transport fleets and
utilities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Project Budget</font>&#x201D; means the detailed
monthly cash flow and capital expenditures budget for the
construction and completion of the Project, a copy of which is
attached hereto as <font style="text-decoration: underline">Exhibit
H</font>, as the same may be modified from time to time with the
approval of both the Agent and the Third Party
Consultant.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Project Contracts</font>&#x201D; means,
collectively, the Maas Energy Contract, the Additional Digester
Contracts, the Leases, the professional services contract with the
Third Party Consultant, all construction supply and build contracts
with respect to the Project, all interconnection and pipeline
agreements, the CNG Transportation Agreements, all DDRDP grants,
the Management Agreement and all other agreements relating to the
Development of the Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Purchase</font>&#x201D; means each purchase by
the Purchaser of Series A Preferred Units at a Closing pursuant to
this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Purchase Price</font>&#x201D; means $5.00 per
Series A Preferred Unit. The Purchase Price for each Purchase shall
be an amount equal to $5.00 per Series A Preferred Unit multiplied
by the number of Series A Preferred Units purchased.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Purchase Request</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
2.2(d)(i)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Purchaser</font>&#x201D; has the meaning
specified in the preamble of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold">Qualified
Public Offering</font>&#x201D; means any initial underwritten sale
of Units or other Equity Securities (or the common stock or other
equity securities of any Person that holds, directly or indirectly,
all of the equity interests of the Company or the successor to the
Company) pursuant to a registration statement filed with, and
declared effective by, the Securities and Exchange Commission on
Form S-1 (or a successor form) under the Securities Act after which
sale of such Units or Equity Securities (or the common stock or
other equity securities of such Person) are (a)&#xA0;listed on a
national securities exchange and (b) registered under the
Securities Exchange Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Quarterly Redemption Date</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 6.9(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Quarterly Redemption Price</font>&#x201D; has
the meaning specified in <font style="text-decoration: underline">Section 6.9(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Redemption Date</font>&#x201D; means a Quarterly
Redemption Date, the Final Redemption Date, or the date on which a
Bankruptcy Trigger Event occurs.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Redemption Price</font>&#x201D; means a
Quarterly Redemption Price, the Final Redemption
Price.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Related Parties</font>&#x201D; means, with
respect to any Person, such Person&#x2019;s Affiliates and the
partners, directors, officers, employees, agents, trustees,
administrators, managers, members, advisors and representatives of
such Person and of such Person&#x2019;s Affiliates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Reportable Event</font>&#x201D; means any of the
events set forth in Section 4043(c) of ERISA, other than events for
which the 30 day notice period has been waived.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Second Tranche</font>&#x201D; means the
&#x201C;Second Tranche&#x201D; described on Exhibit A.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Second Tranche Request</font>&#x201D; means a
request for a Purchase pursuant to the Second Tranche.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Secured Parties</font>&#x201D; means the Agent,
the Purchaser, each holder of Series A Preferred Units, and each
Indemnitee.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Security Agreement</font>&#x201D; means the
Security Agreement, dated as of the date hereof, from the Company
in favor of the Agent, for the benefit of the Secured Parties. The
Security Agreement shall be satisfactory in form and substance to
the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Series A Preferred Unit</font>&#x201D; means a
Unit in the Company designated as a &#x201C;Series A Preferred
Unit&#x201D; and which shall provide the holder thereof with the
rights and obligations specified with respect to a Series A
Preferred Unit in the Company Agreement and this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Series A Preferred Units Manager</font>&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 6.7(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Securities Act</font>&#x201D; means the
Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Signing Date</font>&#x201D; has the meaning
specified in the preamble of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Stabilization Period</font>&#x201D; means a post
commissioning period of not less than 40 days where all operational
defects and problems have been resolved, to make the applicable
Digester capable of a continuous and stable operation in accordance
with design specifications (per Heat Mass balance tables in the
DDRDP submission) and further refined or improvised to maximize its
biogas output.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Subsequent Closing</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 2.2(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Subsequent Closing Date</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 2.2(b</font>).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Subsequent Closing Units</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 2.2(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Subsidiary</font>&#x201D; means, as to any
Person, any corporation or other entity of which: (a) such Person
or a Subsidiary of such Person is a general partner or, in the case
of a limited liability company, the managing member or manager
thereof; (b) at least a majority of the outstanding equity or
ownership interests having by the terms thereof ordinary voting
power to elect a majority of the board of directors or similar
governing body of such corporation or other entity (irrespective of
whether or not at the time any equity or ownership interests of any
other class or classes of such corporation or other entity shall
have or might have voting power by reason of the happening of any
contingency) is at the time directly or indirectly owned or
controlled by such Person or one or more of its Subsidiaries; or
(c) any corporation or other entity as to which such Person
consolidates for accounting purposes. Unless otherwise qualified,
all references to a &#x201C;Subsidiary&#x201D; or to
&#x201C;Subsidiaries&#x201D; in this Agreement shall refer to a
Subsidiary or Subsidiaries of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Subscription Amount</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 2.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Swap Contract</font>&#x201D; means (a) any and
all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity
options, forward commodity contracts, equity or equity index swaps
or options, bond or bond price or bond index swaps or options or
forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange
transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether
or not any such transaction is governed by or subject to any master
agreement, and (b)&#xA0;any and all transactions of any kind, and
the related confirmations, which are subject to the terms and
conditions of, or governed by, any form of master agreement
published by the International Swaps and Derivatives Association,
Inc., any International Foreign Exchange Master Agreement, or any
other master agreement (any such master agreement, together with
any related schedules, a "<font style="font-weight: bold">Master
Agreement</font>"), including any such obligations or liabilities
under any Master Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">11</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Swap Termination Value</font>&#x201D; means, in
respect of any one or more Swap Contracts, after taking into
account the effect of any legally enforceable netting agreement
relating to such Swap Contracts, (a)&#xA0;for any date on or after
the date such Swap Contracts have been closed out and termination
value(s) determined in accordance therewith, such termination
value(s), and (b) for any date prior to the date referenced in
clause (a), the amount(s) determined as the mark-to-market value(s)
for such Swap Contracts, as determined based upon one or more
mid-market or other readily available quotations provided by any
recognized dealer in such Swap Contracts.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Taxes</font>&#x201D; means all federal, state,
local, foreign and other income, gross receipts, sales, use,
production, ad valorem, transfer, franchise, registration, profits,
license, lease, service, service use, withholding, payroll,
employment, unemployment, estimated, excise, severance,
environmental, stamp, occupation, premium, property (real or
personal), real property gains, windfall profits, customs, duties
or other taxes, fees, assessments or charges of any kind
whatsoever, together with any interest, additions or penalties with
respect thereto and any interest in respect of such additions or
penalties.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Tax Return</font>&#x201D; means any return,
declaration, report, claim for refund, information return or
statement or other document relating to Taxes, including any
schedule or attachment thereto, and including any amendment
thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Third Party Consultant</font>&#x201D; means
Hartman Engineering, Inc.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Transaction</font>&#x201D; means, collectively,
(a) each Purchase, (b) the execution, delivery and performance by
the Company of the Project Contracts, (c) the Development of the
Project, (d) the execution, delivery and performance by the Company
of the Transaction Documents to which it is a party, and (e) the
payment of the fees and expenses incurred in connection with the
consummation of the foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Transaction Documents</font>&#x201D; means this
Agreement, the Company Agreement, the Indemnification Agreement,
the Collateral Documents, the Parent Consent, all exhibits,
annexes, and schedules thereto and hereto and any other documents
or agreements executed in connection with the transactions
contemplated hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Trigger Event</font>&#x201D; has the meaning
specified in <font style="text-decoration: underline">Section
7.1.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold">Union</font>&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 3.16(b</font>).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Unit</font>&#x201D; means a Unit of a Member in
the Company representing a fractional part of the interests in the
Company held by all Members and shall include, without limitation,
Series A Preferred Units and Common Units; <font style="text-decoration: underline">provided</font> that any class, group
or series of Units issued shall have the relative rights, powers
and obligations set forth in this Agreement and the Company
Agreement, and &#x201C;Units&#x201D; means all of the Units of (or
other ownership or profit interests in) the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Unitholder</font>&#x201D; means any owner of one
or more Units as reflected on the Company&#x2019;s books and
records. Any owner who holds one or more Units but is not also a
Member shall not be entitled to exercise any rights of a Member
with respect to such Units, except as otherwise provided by
non-waivable provisions of applicable Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Unit Ownership Ledger</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 6.12</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">USDA Loan Condition</font>&#x201D; has the
meaning specified in <font style="text-decoration: underline">Section 6.16(c)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Use of Proceeds Schedule</font>&#x201D; means
the schedule attached hereto as <font style="text-decoration: underline">Annex III</font> for the use of
proceeds of all Purchases hereunder of Series A Preferred
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">WC Reserve</font>&#x201D; means $1,000,000 of
unencumbered (except for Liens in favor of Agent) cash or cash
equivalents held by the Company as a reserve amount for ongoing
working capital needs of the Project.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">WCE</font>&#x201D; or &#x201C;<font style="font-weight: bold">Wet Cow Equivalent</font>&#x201D; means a
lactating dairy cow excreting Volatile Solids (VS) of 7.76kgs/day,
with dry cows and heifers each considered approximately 0.5 times
WCE.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
1.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Terms
Generally</font><font style="font-family: Times New Roman; font-size: 13px">. Definitions apply
equally to both the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun includes the
corresponding masculine, feminine and neuter forms. The words
&#x201C;include,&#x201D; &#x201C;includes&#x201D; and
&#x201C;including&#x201D; are deemed to be followed by the phrase
&#x201C;without limitation.&#x201D; All references herein to
Articles, Sections, Exhibits and Annexes are deemed references to
Articles and Sections of, and Exhibits and Annexes to, this
Agreement unless the context shall otherwise require. Except as
otherwise expressly provided herein, any reference in this
Agreement to any Transaction Document means such document as
amended, restated, supplemented or otherwise modified from time to
time (subject to any restrictions on such amendments, restatements,
supplements or modifications set forth herein or in any other
Transaction Document). Words and abbreviations not otherwise
defined in this Agreement which have well-known technical or
design, engineering or construction industry meanings in the United
States and/or Canada are used in this Agreement in accordance with
those recognized meanings. Any reference herein to any Person shall
be construed to include such Person's successors and assigns. The
words "<font style="text-decoration: underline">asset</font>" and
"<font style="text-decoration: underline">property</font>" shall be
construed to have the same meaning and effect and to refer to any
and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights. Unless otherwise
specified, all references herein to times of day shall be
references to Toronto, Ontario time.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
II.&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">PURCHASE AND SALE</font></font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
2.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Sale
and Purchase of Series A Preferred Units</font><font style="font-family: Times New Roman; font-size: 13px">. So long as no
Trigger Event or Potential Trigger Event exists and on the terms
and subject to the conditions of this Agreement, the Purchaser
agrees to purchase from the Company, and the Company agrees to sell
and issue to the Purchaser up to 6,000,000 Series A Preferred Units
at the Purchase Price, pursuant to Closings and Purchase Requests
in accordance with the Gantt Chart, the Project Budget and
<font style="text-decoration: underline">Exhibit A</font> hereto.
The aggregate consideration for all of the Series A Preferred Units
shall not exceed $30,000,000 (the &#x201C;<font style="font-weight: bold">Subscription
Amount</font>&#x201D;).</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
2.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Closings</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">First Closing Under Initial
Tranche</font>. On the terms and subject to the conditions set
forth in this Agreement, the first closing of a Purchase under the
Initial Tranche and the transactions contemplated herein (the
&#x201C;<font style="font-weight: bold">Initial
Closing</font>&#x201D;) will take place on such date and time as the
Company, the Agent and the Purchaser may mutually agree. The time
and date on which the Initial Closing occurs is referred to in this
Agreement as the &#x201C;<font style="font-weight: bold">Initial
Closing Date</font>&#x201D;. At the Initial Closing and pursuant to
the Initial Tranche, (i) the Company agrees to sell and transfer
1,600,000 Series A Preferred Units (the &#x201C;<font style="font-weight: bold">Initial Units</font>&#x201D;) to Purchaser, free
and clear of any Liens, as evidenced by one or more certificates
dated the Initial Closing Date and bearing appropriate legends as
hereinafter provided for, and (ii) Purchaser will pay the Company
$8,000,000, the Purchase Price for the Initial Units, by wire
transfer of immediately available funds to an account designated by
the Company.</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">First Closing Under Second
Tranche</font>. On the terms and subject to the conditions set
forth in this Agreement, the first closing of a Purchase under the
Second Tranche (the &#x201C;<font style="font-weight: bold">Subsequent Closing</font>&#x201D;) will take
place on the fifth Business Day following the date on which all of
the conditions set forth in <font style="text-decoration: underline">Section 5.2</font> have been fulfilled
or waived (which shall be after the Initial Closing Date), or such
other date and time as the Company, the Agent and the Purchaser may
mutually agree. The Subsequent Closing shall take place at such
place and in such manner as the Company, the Agent and the
Purchaser may mutually agree. The time and date on which the
Subsequent Closing occurs is referred to in this Agreement as the
&#x201C;<font style="font-weight: bold">Subsequent Closing
Date</font>&#x201D;. At the Subsequent Closing and pursuant to the
Second Tranche, (i) the Company agrees to sell and transfer a
minimum of 200,000 Series A Preferred Units (to fund the WC
Reserve) and such additional number of Series A Preferred Units
(such number of Series A Preferred Units plus the 200,000 Series A
Preferred Units, the &#x201C;<font style="font-weight: bold">Subsequent Closing Units</font>&#x201D;) set
forth in a Purchase Request (as defined below) delivered to
Purchaser (with a copy to the Agent) and otherwise meeting the
conditions set forth in the Gantt Chart, the Project Budget and
<font style="text-decoration: underline">Exhibit A</font> hereto to
Purchaser, free and clear of any Liens, as evidenced by one or more
certificates dated the Subsequent Closing Date and bearing
appropriate legends as hereinafter provided for, and (ii) Purchaser
will pay the Company the Purchase Price with respect to the
Subsequent Closing Units, by wire transfer of immediately available
funds to an account designated by the Company. No more than
2,800,000 Series A Preferred Units in the aggregate may be
purchased at the Subsequent Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional Purchase
Requests</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional Initial Tranche Purchase
Requests</font>. On the terms and subject to the conditions set
forth in this Agreement, after the Initial Closing Date and
completion and approval of the Gantt Chart and Project Budget by
both the Agent and the Third Party Consultant, the Company may
request that the Purchaser acquire, in one or more Purchases
pursuant to the Initial Tranche, up to an aggregate of 1,600,000
additional Series A Preferred Units at the Purchase Price and in
amounts in accordance with and subject to the Gantt Chart, the
Project Budget and <font style="text-decoration: underline">Exhibit
A</font> hereto, <font style="text-decoration: underline">provided</font> that the aggregate
Purchases pursuant to Section 2.2(a) and this Section 2.2(c)(i)
shall not exceed 3,200,000 Series A Preferred Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional
Second Tranche Purchase Requests</font>. On the terms and subject
to the conditions set forth in this Agreement, after the Subsequent
Closing Date, the Company may request that the Purchaser acquire,
in one or more Purchases pursuant to the Second Tranche, up to an
aggregate amount of Series A Preferred Units equal to 2,800,000
minus the Subsequent Closing Units at the Purchase Price and in
amounts in accordance with and subject to the Gantt Chart, the
Project Budget and <font style="text-decoration: underline">Exhibit
A</font> hereto (each, a &#x201C;<font style="font-weight: bold">Second Tranche Request</font>&#x201D;);
<font style="text-decoration: underline">provided</font> that the
aggregate Purchases pursuant to Section 2.2(b) and this Section
2.2(c)(ii) shall not exceed 2,800,000 Series A Preferred
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Purchase
Procedures</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Purchase
Request Notices</font>. Each request for a Purchase shall be made
pursuant to an Initial Tranche Request or a Second Tranche Request
(each, a &#x201C;<font style="font-weight: bold">Purchase
Request</font>&#x201D;) delivered to the Purchaser (with a copy to
the Agent). Each Purchase Request shall be in substantially the
form of <font style="text-decoration: underline">Exhibit D</font>,
shall be irrevocable and binding on the Purchaser and shall specify
(A) the requested date of the Purchase, which shall be a Business
Day, (B) the Tranche under which the Purchase will be made, and (C)
the aggregate amount of the number of Series A Preferred Units to
be purchased and the aggregate Purchase Price therefor. Purchases
of fractional Series A Preferred Units shall not be permitted.
Whether or not the Company is in compliance with the thresholds and
conditions set forth in the Gantt Chart, the Project Budget and
this Agreement with respect to the Purchase Request shall be
determined in the sole discretion of the Agent. For the avoidance
of doubt, the Purchaser shall not be obligated to make any Purchase
if the conditions precedent and the other requirements for such
Purchase Request contained herein are not met to the satisfaction
of the Agent. Each Purchase pursuant to a Second Tranche Request
shall occur prior to the first anniversary of the Initial Closing
Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Maximum
Number of Purchases</font>. There will be a maximum of twenty-four
(24) Purchases under this Agreement. No more than one (1) Purchase
may be made during any calendar month, unless otherwise agreed by
the Agent at its sole discretion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Minimum
Purchase Amounts</font>. Purchases shall be made in minimum amounts
of $1,000,000 and in minimum increments of $200,000, unless
otherwise agreed by the Agent at its sole discretion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Satisfaction of Conditions
Precedent</font>. Each Purchase Request shall be deemed a
representation and warranty by the Company that all of the
conditions precedent specified in Section 5.1 with respect to each
Initial Tranche Request and Section 5.2 with respect to each Second
Tranche Request have been satisfied on and as of the Closing Date
of the applicable Purchase.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional
Items</font>. At the applicable Closing of each Purchase Request,
(i) the Company will deliver to the Purchaser the number of Series
A Preferred Units purchased by the Purchaser at such Closing, free
and clear of any Liens, as evidenced by one or more certificates
dated the applicable Closing Date and bearing appropriate legends
as hereinafter provided for, and (ii) the Purchaser will deliver to
the Company the applicable Purchase Price with respect to such
Series A Preferred Units, by wire transfer of immediately available
funds to an account designated by the Company. The Company shall
also deliver to the Agent any additional Collateral Documents
requested by the Agent. Any fees, costs or expenses incurred by
Purchaser and/or the Agent in connection with the Closing shall be
reimbursed to Purchaser or the Agent, as applicable, by the
Company, and the Purchaser and/or the Agent may withhold from the
Purchase Price the aggregate amount of such fees, costs and
expenses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Reimbursement</font>.
Company shall reimburse the Agent and Purchaser and hold the Agent
and Purchaser harmless from any loss or expense that they may
sustain or incur as a consequence of the failure of the Company to
issue the requested number of Series A Preferred Units in
accordance with a Purchase Request, including any such loss or
expense arising from the liquidation or re-employment of funds
obtained by the Agent or Purchaser to purchase the applicable
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
2.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Use
of Proceeds</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Initial Purchase</font>. The Company
shall use the proceeds from the Initial Purchase solely for the
following: (i) to pay up to $6,000,000 for the payment of
management fees owed by the Company to Aemetis, to be applied in
accordance with the Use of Proceeds Schedule, (ii) to pay to, or at
the direction of, the Purchaser, for its own account, a closing fee
in the amount of $900,000, (iii) up to $600,000 for third-party
closing costs satisfactory to the Agent and (iv) up to $500,000 for
mobilization, working capital and to complete the Project Budget
and the Gantt Chart.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Subsequent Purchases</font>. The
Company shall use the proceeds from each Purchase after the Initial
Closing Date in the following order: (i) to pay any Obligations
constituting accrued but unpaid Preference Payments, fees,
indemnities, expenses and other amounts (including fees, charges
and disbursements of counsel to the Agent) payable to the Purchaser
or Agent; and (ii) the balance, if any, strictly for the
development, design, construction and commissioning of the Initial
Digesters and the Additional Digesters in accordance with the Gantt
Chart and the Project Budget, which use of proceeds must be
approved by the Agent.</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE III.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
REPRESENTATIONS AND WARRANTIES OF COMPANY</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Representations
and Warranties of the Company</font><font style="font-family: Times New Roman; font-size: 13px">. The Company
hereby represents and warrants to the Purchaser and the Agent that
each of the following representations and warranties (i) is true
and correct as of the Signing Date (except as otherwise indicated)
and (ii) will be true and correct on and as of each Closing Date
(except as otherwise indicated):</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Organization,
Good Standing, Power and Qualification</font><font style="font-family: Times New Roman; font-size: 13px">.<font style="font-size: 13px">&#xA0;</font> The Company is a limited liability
company duly organized, validly existing and in good standing under
the Laws of the State of Delaware and has all requisite power and
authority to own and use its assets and to carry on its business as
now conducted and as presently proposed to be conducted. The
Company is not in violation or default of any of the provisions of
its Certificate of Formation, Company Agreement or any of its other
organizational or charter documents. The Company is duly qualified
to transact business and is in good standing in the State of
California and in each other jurisdiction in which the failure to
so qualify would have a Material Adverse Effect, and no Action has
been instituted in any such jurisdiction revoking, limiting or
curtailing or seeking to revoke, limit or curtail such power and
authority or qualification. The Company has furnished the Purchaser
and the Agent with true, correct and complete copies of the
Certificate of Formation of the Company and the Company Agreement.
The copies of the Company&#x2019;s and each of its
Subsidiaries&#x2019; organizational documents which have been
furnished to the Purchaser and the Agent prior to the date hereof
reflect all amendments made thereto at any time prior to the date
of this Agreement and are correct and complete in all respects. The
Company is a newly formed limited liability company, and prior to
the Initial Closing Date, the Company has not conducted any
business or operations, entered into any contract or incurred any
liability.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Capitalization</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The authorized
Units of the Company, immediately prior to the Initial Closing,
consists of:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">6,000,000 Common
Units are issued and outstanding immediately prior to the Initial
Closing and 5,000,000 Conversion Units have been reserved. Aemetis
is the direct legal and beneficial owner of 6,000,000 Common Units.
All of the outstanding Common Units have been duly authorized, are
fully paid and nonassessable (to the extent applicable) and were
issued in in accordance with the Company Agreement and in
compliance with all Applicable Securities Laws.<font style="font-size: 13px">&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">6,000,000
Series A Preferred Units, none<font style="font-weight: bold">&#xA0;</font>of which are issued and
outstanding immediately prior to the Initial Closing. The rights,
privileges and preferences of the Series A Preferred Units are as
stated in this Agreement and the Company Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The
Company holds no Common Units, Series A Preferred Units or other
Units in its treasury.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">As of the date
hereof and effective immediately prior to the Initial Closing, no
Common Units are reserved by the Company for issuance except for
5,000,000 Conversion Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Section 3.3(c) of
the Disclosure Schedule sets forth the capitalization of the
Company immediately following the Initial Closing including the
number of Units of the following: (i) all issued and outstanding
Common Units; (ii) all issued and outstanding Series A Preferred
Units; (iii) all granted Unit options, including vesting schedule
and exercise price; (iv) all Common Units reserved for future award
grants under any equity or other incentive plan; (v) all Common
Units issuable upon conversion of Series A Preferred Units; and
(vi) all, options, warrants or Unit purchase rights, if
any.<font style="font-size: 13px">&#xA0;</font> Except for
(A)&#xA0;the conversion privileges of the Series A Preferred Units
to be issued under this Agreement, and (B)&#xA0;the securities and
rights described in Section 3.3(c) of the Disclosure Schedule,
there are no outstanding options, warrants, rights (including
conversion or preemptive rights and rights of first refusal or
similar rights) or agreements, orally or in writing, to purchase or
acquire from the Company any Common Units, Series A Preferred
Units, or other Units or any Equity Securities convertible into or
exchangeable for Common Units, Series A Preferred Units or other
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except as set forth
in this Agreement and the Company Agreement, the Company has no
obligation (contingent or otherwise) to purchase or redeem any of
its Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">No
Subsidiaries</font><font style="font-family: Times New Roman; font-size: 13px">.<font style="font-size: 13px">&#xA0;</font> The Company does not, directly or
indirectly, own, control or have any interest in any shares or
other ownership interest in any other Person. The Company is not a
participant in any joint venture, partnership or similar
arrangement.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Authorization</font><font style="font-family: Times New Roman; font-size: 13px">.<font style="font-size: 13px">&#xA0;</font>
The Company has the requisite power and authority to enter into and
to consummate the Transaction and to execute and deliver
Transaction Documents and to carry out its obligations hereunder
and thereunder (which includes the issuance of the Series A
Preferred Units). The execution, delivery and performance of this
Agreement and the other Transaction Documents by the Company and
the consummation by it of the Transaction have been duly authorized
by all necessary action on the part of the Company and no further
approval or authorization is required by the Company, the Board or
the Company&#x2019;s Unitholders in connection herewith or
therewith. All action on the part of the Company necessary for the
execution and delivery of the Transaction Documents, the
performance of all obligations of the Company under the Transaction
Documents, and the issuance and delivery of the Series A Preferred
Units has been taken. The Transaction Documents, when executed and
delivered by the Company, shall constitute valid and legally
binding obligations of the Company, enforceable against the Company
in accordance with their respective terms except as limited by
applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, or other Laws of general application
relating to or affecting the enforcement of creditors&#x2019; rights
generally, and as limited by Laws relating to the availability of
specific performance, injunctive relief, or other equitable
remedies.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Issuance
of Series A Preferred Units</font><font style="font-family: Times New Roman; font-size: 13px">.<font style="font-size: 13px">&#xA0;</font>The Series A Preferred Units are
duly authorized, and, when issued and delivered pursuant to this
Agreement, will be duly and validly issued, fully paid and
nonassessable, free and clear of all Liens, Taxes and other
charges. Assuming the accuracy of the representations of the
Purchaser in <font style="text-decoration: underline">Article
IV</font> of this Agreement, the Series A Preferred Units will be
issued in compliance with all Applicable Securities Laws. The
Conversion Units have been duly authorized and reserved for
issuance upon conversion of Series A Preferred Units and when so
issued will be validly issued, fully paid and non-assessable, free
and clear of all Liens, Taxes and other charges. Based in part upon
the representations of the Purchaser in <font style="text-decoration: underline">Article IV</font> of this Agreement,
the Common Units issuable upon conversion of the Series A Preferred
Units will be issued in compliance with all Applicable Securities
Laws. The Company has no series or class of Units, whether or not
issued or outstanding, that will, upon issuance of the Series A
Preferred Units, rank senior to or <font style="font-style: italic">pari passu</font> with the Series A Preferred
Units with respect to the payment of Preference Payments or
distributions, redemption, or the distribution of assets in the
event of any dissolution, liquidation or winding up of the Company.
All of the outstanding Units are duly authorized, validly issued,
fully paid and nonassessable, have been issued in compliance with
all Applicable Securities Laws, and none of the outstanding Units
was issued in violation of any preemptive rights, rights of first
refusal or other similar rights to subscribe for or purchase Equity
Securities of the Company (or is subject to any preemptive rights,
rights of first refusal or other similar rights to subscribe for or
purchase Equity Securities of the Company).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">17</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Governmental
Consents and Filings</font><font style="font-family: Times New Roman; font-size: 13px">. No consent,
approval, order or authorization of, or registration,
qualification, designation, declaration or filing with, any
Governmental Authority or other Person is required on the part of
the Company in connection with the execution, delivery and
performance of the Transaction Documents and the consummation of
the Transaction, except for filings pursuant to Regulation&#xA0;D
of the Securities Act, and applicable state securities Laws, which
have been made or will be made by the Company in a timely
manner.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Litigation</font><font style="font-family: Times New Roman; font-size: 13px">.<font style="font-size: 13px">&#xA0;</font>
Except as set forth in Section 3.8 of the Disclosure Schedule,
there is no Action pending or, to the Knowledge of the Company,
threatened against or affecting the Company or any Affiliate of the
Company or any of their respective properties before or by any
arbitrator or Governmental Authority which, individually or in the
aggregate, (i)&#xA0;adversely affects or challenges the legality,
validity or enforceability of any of the Transaction Documents, any
Transaction contemplated thereby or the Series A Preferred Units or
(ii) could, if there were an unfavorable decision, have or
reasonably be expected to result in a Material Adverse Effect.
Neither the Company nor any manager or officer thereof, is or has
been the subject of any Action involving a claim of violation of or
liability under Applicable Securities Laws or a claim of breach of
fiduciary duty. There has not been, and to the Knowledge of the
Company, there is not pending or contemplated, any investigation by
any Governmental Authority involving the Company or any current or
former manager or officer of the Company. Neither the Company nor,
to the Company&#x2019;s Knowledge, any of its Affiliates, officers,
managers or employees is a party or is named as subject to the
provisions of any order, writ, injunction, judgment or decree of
any Governmental Authority (in the case of officers, directors or
employees, such as would affect the Company). There is no Action by
the Company pending or which the Company intends to
initiate.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Intellectual
Property</font><font style="font-family: Times New Roman; font-size: 13px">.<font style="font-size: 13px">&#xA0;</font>The Company has, or has rights to
use, all patents, patent applications, trademarks, trademark
applications, service marks, trade names, trade secrets,
inventions, copyrights, licenses and other intellectual property
rights and similar rights (collectively, the &#x201C;<font style="font-weight: bold">Intellectual Property</font>&#x201D;) as
necessary or required for use in connection with its business. The
Company has not received a notice (written or otherwise) that any
of, the Intellectual Property of the Company has expired,
terminated or been abandoned, or is expected to expire or terminate
or be abandoned, within seven (7) years from the date of this
Agreement. The Company has not received a written notice of a claim
or otherwise have any Knowledge that the Intellectual Property of
the Company violates or infringes upon the rights of any Person.
All Intellectual Property of the Company is enforceable and there
is no existing infringement by another Person of any of the
Intellectual Property of the Company. The Company has taken
commercially reasonable security measures to protect the secrecy,
confidentiality and value of all of its Intellectual
Property.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Compliance
with Other Instruments; No Conflict</font><font style="font-family: Times New Roman; font-size: 13px">. The Company is
not in violation or default (i) of any judgment, order, writ or
decree, (ii)&#xA0;under any note, indenture or mortgage,
(iii)&#xA0;under any lease, agreement, contract or purchase order
to which it is a party or by which it is bound,<font style="font-style: italic">&#xA0;</font>or (iv) of any provision of any
Law applicable to the Company, in each case the violation of which
could have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The execution,
delivery and performance by the Company of this Agreement and the
other Transaction Documents to which it is a party, the issuance
and sale of any of the Series A Preferred Units, and the
consummation by the Company of the Transaction do not and will not:
(i)&#xA0;conflict with or violate any provision of the
Company&#x2019;s Certificate of Formation or the Company Agreement
or any other organizational documents of the Company, (ii) conflict
with, or constitute a default (or an event that with notice or
lapse of time or both would become a default) under, result in the
creation of any Lien upon any of the properties or assets of the
Company (except Liens created in favor of the Agent pursuant to the
Transaction Documents), or give to others any rights of
termination, amendment, acceleration or cancellation (with or
without notice, lapse of time or both) of, any agreement, credit
facility, debt or other instrument (evidencing a debt of the
Company or otherwise) or other understanding to which the Company
is a party or by which any property or asset of the Company is
bound or affected, or (iii) conflict with or result in a violation
of any Law or other restriction of any Governmental Authority to
which the Company is subject (including Applicable Securities
Laws), or by which any property or asset of the Company is bound or
affected.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Project
Contracts; Material Agreements; Other Actions</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref146432873"><!--anchor--></a>Section 3.11(a)
of the Disclosure Schedule sets forth all Project Contracts and all
other material agreements and contracts to which the Company is a
party or is bound. The Company is not in default in the
performance, observance or fulfillment of any of the obligations,
covenants or conditions contained in (i) any Project Contract or
material agreement to which it is a party or (ii) any agreement or
instrument evidencing or governing Indebtedness.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company has not
(i)&#xA0;declared or paid any dividends or distributions, or
authorized or made any distribution upon or with respect to any
class or series of its Units, <font style="text-decoration: underline">provided</font> that the Company has
authorized dividends, distributions and redemptions with respect to
the Series A Preferred Units as set forth in this Agreement,
(ii)&#xA0;incurred any Indebtedness or incurred any other
liabilities individually in excess of $25,000 or in excess of
$100,000 in the aggregate, (iii)&#xA0;made any loans or advances to
any Person, other than ordinary advances for travel expenses, or
(iv) sold, exchanged or otherwise disposed of any of its assets or
rights, other than the sale of its inventory in the ordinary course
of business. For the purposes of (a)&#xA0;and (b) of this
<font style="text-decoration: underline">Section 3.11</font>, all
indebtedness, liabilities, agreements, understandings, instruments,
contracts and proposed transactions involving the same Person
(including Persons the Company has reason to believe are affiliated
with each other) shall be aggregated for the purpose of meeting the
individual minimum dollar amounts of such subsection.<a name="_Ref146432889"><!--anchor--></a></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company is not
a guarantor or indemnitor of any Indebtedness of any
Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company has not
engaged in the past twelve (12) months in any discussion with any
representative of any Person regarding (i) a sale or exclusive
license of all or substantially all of the Company&#x2019;s assets,
or (ii) any merger, consolidation, business combination or other
Change of Control transaction of the Company with or into another
Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Certain
Transactions</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Other than (i)
standard employee benefits generally made available to all
employees, and (ii)&#xA0;standard manager and officer
indemnification agreements approved by the Board, in each instance,
approved in the written minutes of the Board (previously provided
to the Purchaser or its counsel), there are no agreements,
understandings or proposed transactions between the Company and any
of its officers, managers, consultants or employees, or any
Affiliate thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company is not
indebted, directly or indirectly, to any of its managers, officers
or employees or to their respective spouses or children or to any
Affiliate of any of the foregoing, other than in connection with
expenses or advances of expenses incurred in the ordinary course of
business or employee relocation expenses and for other customary
employee benefits made generally available to all employees. None
of the Company&#x2019;s managers, officers or employees, or any
members of their immediate families, or any Affiliate of the
foregoing are, directly or indirectly, indebted to the Company or
have any (i) material commercial, industrial, banking, consulting,
legal, accounting, charitable or familial relationship with any of
the Company&#x2019;s customers, suppliers, service providers, joint
venture partners, licensees and competitors, (ii)&#xA0;direct or
indirect ownership interest in any Person with which the Company is
affiliated or with which the Company has a business relationship,
or any firm or corporation which competes with the Company except
that directors, officers, employees or Unitholders of the Company
may own equity interests in (but not exceeding two percent (2%) of
the outstanding equity interests of) publicly traded companies that
may compete with the Company; or (iii)&#xA0;financial interest in
any material contract with the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Rights
of Registration and Voting Rights</font><font style="font-family: Times New Roman; font-size: 13px">. The Company is
not under any obligation to register under the Securities Act any
of its currently outstanding Units or any Units issuable upon
exercise or conversion of its currently outstanding Equity
Securities. To the Company&#x2019;s Knowledge, except as
contemplated in the Company Agreement and this Agreement, no
Unitholder of the Company has entered into any agreements with
respect to the voting of Units of the Company.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Title
to Assets</font><font style="font-family: Times New Roman; font-size: 13px">. The Company has
good and marketable title to all real property owned or leased by
it and good and marketable title in all personal property owned by
it that is material to the business of the Company, in each case
free and clear of all Liens, except for Liens permitted by the
Collateral Documents. Any real property and facilities held under
lease by the Company (including the Leases) are held by them under
valid, subsisting and enforceable leases with which the Company is
in compliance. All rights of way owned by the Company are valid,
subsisting and enforceable rights of way.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Projections</font><font style="font-family: Times New Roman; font-size: 13px">.
The projections of the Company that have been delivered to the
Purchaser prior to each Closing are a true and complete copy of the
latest projected statements of operating revenue, income, expenses
and cash flows of the Company for the periods specified therein.
Such projections (a)&#xA0;were based on the assumptions set forth
therein which were made in good faith and reasonable and fair at
the time they were made, and which continue to be reasonable and
fair as of the applicable Closing, and (b) are reasonable estimates
of the Company&#x2019;s financial performance for the periods
indicated therein in light of the assumptions made.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Employee
Matters</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">20</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company is not
delinquent in payments to any of its employees, consultants, or
independent contractors for any wages, salaries, commissions,
bonuses, or other direct compensation for any service performed for
it to the date hereof or amounts required to be reimbursed to such
employees, consultants or independent contractors. The Company has
withheld and paid to the appropriate Governmental Authority or is
holding for payment not yet due to such Governmental Authority all
amounts required to be withheld from employees of the Company and
is not liable for any arrears of wages, Taxes, penalties or other
sums for failure to comply with any of the foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company is not,
and has not been, a party to, bound by, or negotiating any
collective bargaining agreement or other contract with a union,
works council or labor organization (collectively,
&#x201C;<font style="font-weight: bold">Union</font>&#x201D;), and
there is not, and has not been, any Union representing or
purporting to represent any employee of the Company, and no Union
or group of employees is seeking or has sought to organize
employees for the purpose of collective bargaining. There has never
been, nor has there been any threat of, any strike, slowdown, work
stoppage, lockout, concerted refusal to work overtime or other
similar labor disruption or dispute affecting the Company or any of
its employees. The Company has no duty to bargain with any
Union.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company is and
has been in compliance with all applicable Laws pertaining to
employment and employment practices, including all Laws relating to
labor relations, equal employment opportunities, fair employment
practices, employment discrimination, harassment, retaliation,
reasonable accommodation, disability rights or benefits,
immigration, wages, hours, overtime compensation, child labor,
hiring, promotion and termination of employees, working conditions,
meal and break periods, privacy, health and safety, workers&#x2019;
compensation, leaves of absence and unemployment insurance. All
individuals characterized and treated by the Company as independent
contractors or consultants are properly treated as independent
contractors under all applicable Laws. All employees classified as
exempt under the Fair Labor Standards Act and state and local wage
and hour Laws are properly classified. There are no Actions against
the Company pending, or to the Company&#x2019;s Knowledge,
threatened to be brought or filed, by or with any Governmental
Authority or arbitrator in connection with the employment of any
current or former applicant, employee, consultant or independent
contractor of the Company, including, without limitation, any claim
relating to unfair labor practices, employment discrimination,
harassment, retaliation, equal pay, wage and hours or any other
employment related matter arising under applicable
Laws.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">None of the
Company&#x2019;s employees is obligated under any contract
(including licenses, covenants or commitments of any nature) or
other agreement, or subject to any judgment, decree or order of any
court or administrative agency, that would materially interfere
with such employee&#x2019;s ability to promote the interest of the
Company or that would conflict with the Company&#x2019;s business.
Neither the execution or delivery of the Transaction Documents, nor
the carrying on of the Company&#x2019;s business by the employees of
the Company, nor the conduct of the Company&#x2019;s business as now
conducted and as presently proposed to be conducted, will, conflict
with or result in a breach of the terms, conditions, or provisions
of, or constitute a default under, any contract, covenant or
instrument under which any such employee is now
obligated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Section 3.16(e) of
the<font style="font-weight: bold">&#xA0;</font>Disclosure Schedule
sets forth each employee benefit plan maintained, established or
sponsored by the Company, or which the Company participates in or
contributes to, which is subject to ERISA. The Company has made all
required contributions and has no liability to any such employee
benefit plan, other than liability for health plan continuation
coverage described in Part 6 of Title I(B) of ERISA, and has
complied in all material respects with all applicable Laws for any
such employee benefit plan.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Tax
Returns and Payments</font><font style="font-family: Times New Roman; font-size: 13px">. The Company has
filed, on a timely basis, all income Tax and other Tax Returns
required to be filed by it on or prior to the date hereof, and such
Tax Returns were true, correct and complete in all respects. The
Company has not extended the time within which to file any Tax
Return or agreed to any extension of time with respect to a Tax
assessment or deficiency. All Taxes (whether shown or not shown on
any income Tax Returns) that are due and payable by the Company or
asserted to be due and payable by the Company, have been timely
paid or will be timely paid in full on or before the Closing Date..
There are no accrued and unpaid federal, state, country, local or
foreign Taxes of the Company which are due, whether or not assessed
or disputed. There have been no examinations or audits of any Tax
returns or reports by any applicable federal, state, local or
foreign Governmental Authority. The Company is not a party to any
Action by any taxing authority. There is no pending or threatened
Actions by any taxing authority. The Company has withheld and paid
each Tax required to have been withheld and paid in connection with
amounts paid or owing to any employee, independent contractor,
creditor, customer, shareholder, member or other party, and
complied with all information reporting and backup withholding
provisions of applicable Law. The Company (i) has not been a member
of an affiliated group within the meaning of Section 1504(a) of the
Code or any similar group defined under a similar provision of
state, local or foreign law and (ii) has no liability for Taxes of
any Person other than the Company under U.S. Treasury Regulation
Section 1.1502-6 (or any similar provision of state, local or
foreign law), as a transferee or successor by contract or
otherwise. The Company is not a party to any Tax allocation or
sharing agreement as to indemnification for, contribution to,
reimbursement or payment of Taxes of any other Person (other than
pursuant to customary Tax indemnification provisions in commercial
contracts not primarily related to Taxes), nor has any liability
for the Taxes of any other Person as a transferee or successor, by
contract or otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.18</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Insurance</font><font style="font-family: Times New Roman; font-size: 13px">.
Section 3.18 of the Disclosure Schedule sets forth a true and
complete list of all current policies or binders of fire,
liability, product liability, umbrella liability, real and personal
property, workers&#x2019; compensation, vehicular, directors,
managers&#x2019; and officers&#x2019; liability, fiduciary liability
and other casualty and property insurance maintained by the Company
or its Affiliates and relating to the assets, business, operations,
employees, officers and directors of the Company (collectively, the
&#x201C;<font style="font-weight: bold">Insurance
Policies</font>&#x201D;) and true and complete copies of such
Insurance Policies have been made available to the Purchaser. Such
Insurance Policies are in full force and effect and shall remain in
full force and effect following the consummation of the
transactions contemplated by this Agreement. Neither the Company
nor any of its Affiliates has received any written notice of
cancellation of, premium increase with respect to, or alteration of
coverage under, any such Insurance Policies. The Insurance Policies
are of the type and in the amounts customarily carried by Persons
conducting a business similar to the Company and are sufficient for
compliance with all applicable Laws and contracts to which the
Company is a party or by which it is bound. Except as set forth on
Section 3.18 of the Disclosure Schedule, there are no claims
related to the business of the Company pending under any such
Insurance Policies as to which coverage has been questioned, denied
or disputed or in respect of which there is an outstanding
reservation of rights.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.19</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Permits;
DDRDP Grants</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">22</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All Permits
required for the Company to conduct its business have been obtained
by it and are valid and in full force and effect. All fees and
charges with respect to such Permits as of the date hereof have
been paid in full. Section 3.19(a) of the Disclosure Schedule
lists: (a) all Permits issued to the Company for the Development of
the Project and the operation of its business, including the names
of the Permits and their respective dates of issuance and
expiration, and (b) all Permits that the Company expects to require
or request, to the best of its Knowledge after due inquiry, for the
Development of the Project and the operation of its business,
including the names of the Permits and the anticipated timing for
issuance. No event has occurred that, with or without notice or
lapse of time or both, would reasonably be expected to result in
the revocation, suspension, lapse or limitation of any Permit set
forth in Section 3.19(a) of the Disclosure Schedule.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Section 3.11(b) of
the Disclosure Schedule sets forth all DDRDP grants with respect to
the Initial Digesters and the Additional Digesters which, as of the
Initial Closing Date, (i) the Company has obtained, (ii) have been
approved by the DDRDP, (iii) have been submitted and are pending
approval by the DDRDP, or (iv) the Company anticipates
submitting.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.20</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Real
Property Holding Company</font><font style="font-family: Times New Roman; font-size: 13px">. The Company is
not now and has never been a &#x201C;United States real property
holding corporation&#x201D; as defined in the Code and any
applicable regulations promulgated thereunder. The Company has
filed with the Internal Revenue Service all statements, if any,
with its United States income Tax returns which are required under
such regulations.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.21</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Environmental
and Safety Laws</font><font style="font-family: Times New Roman; font-size: 13px">. Except as could
not reasonably be expected to have a Material Adverse Effect,
(a)&#xA0;the Company is and has been in compliance with all
Environmental Laws; (b)&#xA0;there has been no release or
threatened release of any Hazardous Substance on, upon, into or
from any site currently or heretofore owned, leased or otherwise
used by the Company; (c)&#xA0;there have been no Hazardous
Substances generated by the Company that have been disposed of or
come to rest at any site that has been included in any published
U.S. federal, state or local &#x201C;superfund&#x201D; site list or
any other similar list of hazardous or toxic waste sites published
by any Governmental Authority in the United States; and
(d)&#xA0;there are no underground storage tanks located on, no
polychlorinated biphenyls (&#x201C;<font style="font-weight: bold">PCBs</font>&#x201D;) or PCB-containing equipment
used or stored on, and no hazardous waste as defined by the
Resource Conservation and Recovery Act, as amended, stored on, any
site owned, leased or operated by the Company, except for the
storage of hazardous waste in compliance with Environmental Laws.
The Company has made available to the Purchaser true and complete
copies of all material environmental records, reports,
notifications, certificates of need, Permits, pending Permit
applications, correspondence, engineering studies and environmental
studies or assessments.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.22</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Disclosure</font><font style="font-family: Times New Roman; font-size: 13px">.
The Company has made available to the Purchaser and the Agent all
of the information reasonably available to the Company that the
Purchaser and the Agent have requested for deciding whether to
acquire the Series A Preferred Units. No representation or warranty
of the Company contained in this Agreement, and no certificate or
document furnished or to be furnished to the Purchaser and/or the
Agent pursuant to or in connection with this Agreement or at any
Closing contains any untrue statement of a material fact or omits
to state a material fact necessary in order to make the statements
contained herein or therein not misleading in light of the
circumstances under which they were made. There is no fact, event,
condition, occurrence, development or circumstance which has had or
could reasonably be expected to have a Material Adverse
Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.23</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Foreign
Corrupt Practices Act</font><font style="font-family: Times New Roman; font-size: 13px">. Neither the
Company nor, to the Company&#x2019;s Knowledge, any other Person
associated with or acting on behalf of the Company, including,
without limitation, any director, manager, member, officer, agent,
employee or Affiliate of the Company has (a)&#xA0;used any funds
for any unlawful contribution, gift, entertainment or other
unlawful expense relating to political activity or to influence
official action; (b) made any direct or indirect unlawful payment
to any foreign or domestic government official or employee from
corporate funds; (c) made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment; or (d) violated or is
in violation of any provision of the U.S. Foreign Corrupt Practices
Act of 1977, as amended, and the rules and regulations thereunder;
and the Company has instituted and maintains policies and
procedures designed to ensure compliance therewith.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">To the
Company&#x2019;s Knowledge, there is not now, and there has never
been, any employment by the Company of, or beneficial ownership in
the Company by, any governmental or political official in any
country in the world.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company and, to
the Knowledge of the Company, the directors, managers, officers,
agent, employees, affiliates or Persons acting on behalf of the
Company has not been nor is currently subject to any United States
sanctions administered by the Office of Foreign Assets Control of
the United States Treasury Department (&#x201C;<font style="font-weight: bold">OFAC</font>&#x201D;) and the Company will not
directly or indirectly use any proceeds of any Purchase, or lend,
contribute or otherwise make available such proceeds to the Company
or to any affiliated entity, joint venture partner or other Person
to finance any investments in, or make payments to, any country or
Person targeted by any of the sanctions of the United Sates
administered by OFAC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.24</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Money
Laundering</font><font style="font-family: Times New Roman; font-size: 13px">. The operations of
the Company are and have been conducted at all times in compliance
with applicable financial record-keeping and reporting requirements
of the Currency and Foreign Transactions Reporting Act of 1970, as
amended, applicable money laundering statutes and applicable rules
and regulations thereunder (collectively, the &#x201C;<font style="font-weight: bold">Money Laundering Laws</font>&#x201D;), and no
Action by or before any Governmental Authority or any arbitrator
involving the Company with respect to the Money Laundering Laws is
pending or, to the Knowledge of the Company ,
threatened.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
3.25</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Contractors,
Subcontractors and Suppliers</font><font style="font-family: Times New Roman; font-size: 13px">. Section 3.25 of
the Disclosure Schedule lists all of the contractors,
subcontractors and suppliers that will be involved with the
Development of the Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE IV.&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
REPRESENTATIONS AND WARRANTIES OF
PURCHASER</font><br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Representations
and Warranties of the Purchaser</font><font style="font-family: Times New Roman; font-size: 13px">. The Purchaser
hereby represents and warrants to the Company that each of the
following representations and warranties (i) is true and correct as
of the Signing Date (except as otherwise indicated) and (ii) will
be true and correct on and as of each Closing Date (except as
otherwise indicated):</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Authorization</font><font style="font-family: Times New Roman; font-size: 13px">.
The Purchaser has full power and authority to enter into the
Transaction Documents. The Transaction Documents to which the
Purchaser is a party, when executed and delivered by the Purchaser,
will constitute valid and legally binding obligations of the
Purchaser, enforceable in accordance with their terms, except as
limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance and any other Laws of general
application affecting enforcement of creditors&#x2019; rights
generally, and as limited by Laws relating to the availability of
specific performance, injunctive relief or other equitable
remedies.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">24</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Purchase
for Own Account</font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement is
made with the Purchaser in reliance upon the Purchaser&#x2019;s
representation to the Company, which by the Purchaser&#x2019;s
execution of this Agreement, the Purchaser hereby confirms, that
the Series A Preferred Units to be acquired by the Purchaser will
be acquired for investment for the Purchaser&#x2019;s own account,
not as a nominee or agent, and not with a view to the resale or
distribution of any part thereof in violation of Applicable
Securities Laws, and that the Purchaser has no present intention of
selling, granting any participation in, or otherwise distributing
the same in violation of Applicable Securities Laws. By executing
this Agreement, the Purchaser further represents that the Purchaser
does not presently have any contract, undertaking, agreement or
arrangement with any Person to sell, transfer or grant
participations to such Person or to any third Person, with respect
to any of the Series A Preferred Units in violation of Applicable
Securities Laws (it being understood that the representation and
warranty contained in this Section shall not limit the
Purchaser&#x2019;s right to sell the Series A Preferred Units in
compliance with Applicable Securities Laws).</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Restricted
Securities</font><font style="font-family: Times New Roman; font-size: 13px">. The Purchaser
understands and acknowledges that the Series A Preferred Units and
the Common Units issuable thereunder have not been and will not be
registered under the U.S. Securities Act, or any applicable state
securities Laws of the United States, and that the sale
contemplated hereby is being made in reliance on a private
placement exemption to &#x201C;accredited investors&#x201D; as
defined in Rule 501(a) of Regulation D under the U.S. Securities
Act, in reliance on the exemption from registration under Section
4(a)(2) of the U.S. Securities Act and Rule 506(b) of Regulation D
thereunder. Accordingly, upon issuance, the Preferred Shares and
any Common Units will be &#x201C;restricted securities&#x201D; within
the meaning of Rule 144 under the U.S. Securities Act, and
therefore may not be offered or sold by it, directly or indirectly,
in the United States without registration under Applicable
Securities Laws, except in certain circumstances.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">No
Public Market</font><font style="font-family: Times New Roman; font-size: 13px">. The Purchaser
understands that no public market now exists for the Series A
Preferred Units or the Common Units, and that the Company has made
no assurances that a public market will ever exist for the Series A
Preferred Units or the Common Units.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Legends</font><font style="font-family: Times New Roman; font-size: 13px">.
The Purchaser understands that the Series A Preferred Units and any
Common Units issued upon conversion of Series A Preferred Units,
shall contain the following legend:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;THE
SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#x201C;33 ACT&#x201D;), AND
MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
UNDER THE 33 ACT OR IN A TRANSACTION WHICH, IN THE OPINION OF
COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, QUALIFIES AS AN
EXEMPT TRANSACTION UNDER THE 33 ACT AND THE RULES AND REGULATIONS
PROMULGATED THEREUNDER.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">THE
SECURITIES EVIDENCED HEREBY ARE SUBJECT TO THE TERMS OF THAT
CERTAIN AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT,
DATED AS OF DECEMBER 20, 2018, AS AMENDED FROM TIME TO TIME, BY AND
AMONG THE COMPANY AND THE MEMBERS IDENTIFIED THEREIN, INCLUDING
CERTAIN RESTRICTIONS ON TRANSFER. A COPY OF SUCH AMENDED AND
RESTATED LIMITED LIABILITY COMPANY AGREEMENT HAS BEEN FILED WITH
THE SECRETARY OF THE COMPANY AND IS AVAILABLE UPON
REQUEST.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">25</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Accredited
Investor</font><font style="font-family: Times New Roman; font-size: 13px">. As of the Signing
Date the Purchaser is, and on the applicable Closing Date and each
date on which it converts any of the Series A Preferred Units into
Common Units, the Purchaser will be, an accredited investor as
defined in Rule 501(a) of Regulation D promulgated under the
Securities Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">No
General Solicitation</font><font style="font-family: Times New Roman; font-size: 13px">. The Purchaser is
not purchasing the Series A Preferred Units as a result of any
advertisement, article, notice or other communication regarding the
Series A Preferred Units published in any newspaper, magazine or
similar media or broadcast over television, radio or the internet
or presented at any seminar or any other general solicitation or
general advertisement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Foreign
Investors</font><font style="font-family: Times New Roman; font-size: 13px">. If the Purchaser
is not a United States person (as defined by
Section&#xA0;7701(a)(30) of the Code), the Purchaser hereby
represents that it has satisfied itself as to the full observance
of the Laws of its jurisdiction in connection with any invitation
to subscribe for the Series A Preferred Units or any use of this
Agreement, including (i)&#xA0;the legal requirements within its
jurisdiction for the purchase of the Series A Preferred Units,
(ii)&#xA0;any foreign exchange restrictions applicable to such
purchase, (iii)&#xA0;any governmental or other consents that may
need to be obtained, and (iv)&#xA0;the income Tax and other Tax
consequences, if any, that may be relevant to the purchase,
holding, redemption, sale, or transfer of the Series A Preferred
Units. The Purchaser&#x2019;s subscription and payment for and
continued beneficial ownership of the Series A Preferred Units will
not violate any securities or other Laws of the Purchaser&#x2019;s
jurisdiction.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">[Reserved]</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
4.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Reliance</font><font style="font-family: Times New Roman; font-size: 13px">.
The Purchaser acknowledges that it is not relying upon any Person,
other than the Company and Aemetis and their respective officers,
managers, members, directors, advisors, agents and representatives
in making its investment or decision to invest in the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE V.&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
CLOSING CONDITIONS</font><br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
5.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Conditions to the Purchaser&#x2019;s
Obligations at Initial Closing</font> <font style="text-decoration: underline">and Each Other Closing of a Purchase
Under the Initial Tranche</font></font><font style="font-family: Times New Roman; font-size: 13px">. The obligation of
the Purchaser to purchase Series A Preferred Units at the Initial
Closing and each other Closing of a Purchase under the Initial
Tranche is subject to the satisfaction, at or prior to such
Closing, of each of the following conditions precedent to the
satisfaction of the Agent in its sole discretion:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Representations and Warranties</font>.
The representations and warranties of the Company contained in this
Agreement and the other Transaction Documents shall be true and
correct in all respects on and as of the date of such Closing
(other than representations and warranties that by their terms
speak as of another date, which representations and warranties
shall be true and correct as of such date).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">26</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Trigger Event</font>. No Trigger
Event or Potential Trigger Event shall exist.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Qualifications</font>. All Permits, if
any, of any Governmental Authority that are required in connection
with the consummation of the Transaction shall be obtained and
effective as of the Initial Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Material Adverse Effect</font>. Since
the Signing Date, no fact, circumstance, event, change, occurrence,
condition or development shall have occurred that, individually or
in the aggregate, has had or could be reasonably likely to have a
Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Litigation; Illegality</font>. None of
the Transactions shall have been enjoined by any Governmental
Authority, no Action challenging any of the Transactions shall have
been threatened or instituted and no investigation or other demand
shall have been made by any Governmental Authority, and no Law
shall have been enacted that prohibits, restrains or makes illegal
the consummation of any the Transactions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Lien Searches</font>. The Agent shall
have received the results of a recent Lien search in the
jurisdiction of organization of the Company and each jurisdiction
where assets of the Company are located, and such searches shall
reveal no Liens on any of the assets of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Indemnification Agreement</font>. The
Agent shall have received the Indemnification Agreement duly
executed by the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Security Agreement</font>. The Agent
shall have received the Security Agreement, duly executed by the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Mortgages</font>. The Agent shall have
received Mortgages covering the Leases for the Initial Digesters,
the leasehold estates created thereby and the improvements thereon,
duly executed by the Company (the &#x201C;<font style="text-decoration: underline">Initial Mortgages</font>&#x201D;). This
condition does not apply to the Initial Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Surveys</font>. The Agent shall have
received ALTA surveys with respect to the Leases for the Initial
Digesters, which shall be prepared and certified to the Agent by a
surveyor acceptable to the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Mortgage Title Policies</font>. The
Agent shall have received an ALTA mortgagee&#x2019;s title policy
for each of the Initial Mortgages, which shall be satisfactory to
the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Fee Owner, Lessor and Mortgagee
Agreements</font>. The Agent shall have received such (i)
non-disturbance agreements and other agreements as it may request
from the lessors and/or fee owners with respect to the Leases of
the Initial Digesters and the mortgagees of such lessors and/or fee
owners, and (ii) such lien waivers and other agreements from third
parties as it may request with respect to the
Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Filings, Registrations and
Recordings</font>. The Agent shall have received each document
(including any Uniform Commercial Code financing statement)
required by the Collateral Documents or under applicable Law or
requested by the Agent to be filed, registered or recorded in order
to create in favor of the Agent, for the benefit of itself and the
Purchaser, a perfected Lien on the Collateral described therein,
prior and superior in right to any other Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Legal Opinions</font>. The Purchaser
and the Agent shall have received a satisfactory legal opinion,
dated the Initial Closing Date, from the Structure Law Group, LLC,
counsel for the Company, substantially in the form of <font style="text-decoration: underline">Exhibit C</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">27</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Insurance</font>. The Agent shall have
received evidence of insurance coverage for the Company and its
assets in form, scope, and substance reasonably satisfactory to the
Agent and otherwise in compliance with the terms of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(p)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Board</font>. The authorized size of
the Board shall be three (3) Managers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(q)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Closing Certificate</font>. The
Secretary of the Company shall have delivered to the Purchaser a
certificate executed by the Secretary of the Company, in form and
substance satisfactory to the Purchaser, certifying (i) a certified
copy of the Company&#x2019;s Certificate of Formation and all
amendments thereto, (ii) the Company&#x2019;s Company Agreement in
effect at the time of such Closing, (iii)&#xA0;resolutions of the
Board authorizing the Transaction Documents and the Transaction,
(iv) a good standing certificate from the Secretary of the State of
the State of Delaware, dated a recent date before such Closing, (v)
a certificate from the Secretary of State of California as to the
good standing of the Company as a foreign limited liability company
in the State of California, and (vi) a certification as to the
incumbency of the officers of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(r)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Reservation of Units</font>. The
Company shall have duly authorized and reserved for issuance
5,000,000 Conversion Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(s)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Delivery of Certificates Representing
Series A Preferred Units</font>. The Company shall have executed
and delivered to the Agent one or more Unit certificates,
registered in the name of the Purchaser, representing the number of
Series A Preferred Units to be purchased at such
Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(t)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Company Agreement</font>. The Company
and Aemetis shall have executed and delivered to the Purchaser a
counterpart of the Company Agreement in the form attached hereto as
<font style="text-decoration: underline">Exhibit F</font>, and the
Company Agreement shall be in full force and effect as of each
Closing Date in accordance with its terms.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(u)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Gantt Chart</font>. The Gantt Chart in
effect on the Initial Closing Date, which shall have been approved
by the both the Agent and the Third Party Consultant, certified by
the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Project Budget</font>. The Project
Budget in effect on the Initial Closing Date, which shall have been
approved by both the Agent and the Third Party Consultant,
certified by the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(w)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Revenue Memorandum</font>. The Agent
shall have received a satisfactory revenue memorandum addressed to
it and the Company with respect to the Project from
EcoEngineers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Consultant&#x2019;s Agreement</font>.
The Agent shall have received a copy of the consultant&#x2019;s
agreement between the Company and the Third Party
Consultant.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(y)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Management Agreement</font>. The Agent
shall have received a copy of the Management
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(z)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Project Contracts</font>. The Agent
shall have received executed copies of all Project Contracts in
effect on the Initial Closing Date, including Leases for the
Initial Digesters and memoranda of such Leases that have been
recorded in the appropriate real property records.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(aa)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Consents
to Security Interests</font>. The Agent shall have received from
each of Maas Energy and the Third Party Consultant a consent to the
security interests created pursuant to the Collateral Documents in
each Project Contract to which it is a party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(bb)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Permits</font>.
The Agent shall have received a list of (i) all Permits that the
Company has obtained as of the Initial Closing Date, and (ii) all
Permits that will be required for the Development of the Project
and the anticipated dates of receipt.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(cc)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Due
Diligence</font>. The Agent shall have completed its due diligence
with respect to the Transaction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(dd)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Common
Units</font>. The Agent shall have received evidence satisfactory
to it that Aemetis directly owns 6,000,000 Common
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(ee)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Closing
Fee</font>. With respect to the Initial Closing, Company shall have
paid to the Purchaser, for its own account, in immediately
available funds, a closing fee equal to $900,000 to an account
designated by the Agent or the Purchaser, or a signed direction to
withhold such closing fee from the Subscription Amount payable at
the Initial Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(ff)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Expenses</font>.
The Agent shall have received payment of all expenses for which
invoices have been presented (including the fees and expenses of
legal counsel, including local and special counsel), on or before
the date of such Closing. All such amounts will be paid with
proceeds of the Purchase on the Closing Date for such Closing and
will be reflected in the instructions given by the Company to the
Agent on or before such Closing Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(gg)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Final
Use of Proceeds</font>. The Agent shall have received a final use
of proceeds for the Subscription Amount, together with the
consolidated balance sheets for the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(hh)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional
Conditions</font>. On or before the Initial Closing, each of the
conditions precedent identified on <font style="text-decoration: underline">Annex I</font> hereto shall have been
satisfied.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional
Documents</font>. The Agent shall have received copies of such
other documents and agreements as the Agent may
request.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(jj)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Proceedings
and Documents</font>. All corporate and other proceedings in
connection with the transactions contemplated at the Initial
Closing and all documents incident thereto shall be reasonably
satisfactory in form and substance to the Agent, and the Agent (or
its counsel) shall have received all such counterpart original and
certified or other copies of such documents as reasonably
requested.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
5.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Conditions
to Purchaser&#x2019;s Obligations at Subsequent Closing and Each
Other Closing of a Purchase Under the Second
Tranche</font><font style="font-family: Times New Roman; font-size: 13px">. The obligation of
the Purchaser to purchase Series A Preferred Units at, and to
consummate, the Subsequent Closing and each other Closing of a
Purchase under the Second Tranche, is subject to the satisfaction
at or prior to such Closing of each of the following conditions
precedent to the satisfaction of the Agent in its sole
discretion:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Representations and Warranties</font>.
The representations and warranties of the Company contained in this
Agreement and the other Transaction Documents shall be true and
correct in all respects as of such Closing (other than
representations and warranties that by their terms speak as of
another date, which representations and warranties shall be true
and correct as of such date).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Trigger Event</font>. No Trigger
Event or Potential Trigger Event shall exist.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Collateral Documents</font>. The Agent
shall have received such Collateral Documents as it may
request.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional Digesters</font>. The
Company shall have entered into the Additional Digester Contracts
and delivered to the Agent certified copies of the Additional
Digester Contracts and all amendments thereto.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Mortgages</font>. The Agent shall have
received Mortgages covering the Leases for the Additional
Digesters, the leasehold estates created thereby and the
improvements thereon, duly executed by the Company (the
&#x201C;<font style="text-decoration: underline">Additional
Mortgages</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Surveys</font>. The Agent shall have
received ALTA surveys with respect to the Leases for the Additional
Digesters, which shall be prepared and certified to the Agent by a
surveyor acceptable to the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Mortgage Title Policies</font>. The
Agent shall have received an ALTA mortgagee&#x2019;s title policy
for each of the Additional Mortgages, which shall be satisfactory
to the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Fee Owner, Lessor and Mortgagee
Agreements</font>. The Agent shall have received such (i)
non-disturbance agreements and other agreements as it may request
from the lessors and/or fee owners with respect to the Leases of
the Additional Digesters and the mortgagees of such lessors and/or
fee owners, and (ii) such lien waivers and other agreements from
third parties as it may request with respect to the
Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Output Stabilization and Maximization
of Initial Digesters</font>. The output of the Initial Digesters
shall have been stabilized and maximized in accordance with their
design, and such stabilization and maximization of output shall be
acceptable to the Agent in its sole discretion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">DDRP Government Grants</font>. The
Agent shall have received within ten (10) months after the Initial
Closing Date in accordance with the Gantt Chart evidence that the
Company has received the approval of DDRDP government grants for:
(i) the Initial Digesters, and (ii) the Additional Digesters with
applications for the Additional Digesters to have been filed by no
later than the immediately next deadline for grant applications
following the Signing Date (and as set out on the DDRDP website
https://www.cdfa.ca.gov/oefi/ddrdp/ on the Signing Date) for total
DDRDP grant amounts equal to at least 50% of the related capital
expenditures in the Project Budget.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Completion of Engineering, Etc</font>.
The Agent shall have received within ten (10) months after the
Initial Closing Date in accordance with the Gantt Chart (i)
evidence of the completion of all engineering work, (ii) evidence
of the approval of all construction drawings by Hartman
Engineering, Inc., (iii) copies of the comprehensive and detailed
work program and activity schedule, (iv)&#xA0;copies of bill of
materials/services estimates, (v) a final list of vendors, and (vi)
evidence of the ordering of long lead time items, all in accordance
with the Project Budget.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Project Budget Update</font>. The
Agent shall have received an update to the Project Budget showing
all variances from the Project Budget with respect to the Initial
Digesters and, in the event of any cost overruns from the Project
Budget with respect to the completion of the Initial Digesters, the
Agent shall have received evidence that the Company has satisfied
all of the USDA Loan Conditions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Permits</font>. The Agent shall have
received within ten (10) months after the Initial Closing Date, in
accordance with the Gantt Chart, evidence that the Company has
received all Permits required for installing, constructing,
building, connecting, completing, commissioning, and
operationalizing the Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Delivery of Certificates Representing
Series A Preferred Units</font>. The Company shall have executed
and delivered to the Agent Unit certificates, registered in the
name of the Purchaser, representing the number of Series A
Preferred Units purchased at such Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Project Contracts</font>. The Agent
shall have received executed copies of all of the Project Contracts
for the Additional Digesters, including the Leases for the
Additional Digesters and memoranda thereof that have been recorded
in the appropriate real property records.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">30</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(p)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Material Adverse Change</font>. Since
the date of delivery of the most recent audited financial
statements of the Company, no fact, circumstance, event, change,
occurrence, condition or development shall have occurred that,
individually or in the aggregate, has had or could be reasonably
likely to have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(q)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Lien Searches</font>. The Agent shall
have received satisfactory Lien searches with respect to the fee
owner(s) and operator of each dairy on which each Additional
Digester will be located.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(r)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Additional Documents</font>. The Agent
shall have received copies of such other documents and agreements
as the Agent may request.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(s)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Proceedings and Documents</font>. All
corporate and other proceedings in connection with the Transactions
contemplated at such Closing and all documents incident thereto
shall be reasonably satisfactory in form and substance to the
Agent, and the Agent (or its counsel) shall have received all such
counterpart original and certified or other copies of such
documents as reasonably requested.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE VI.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
COVENANTS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">So long
as Purchaser shall have any obligation to purchase Series A
Preferred Units hereunder or any Obligation shall remain unpaid or
unsatisfied, the Company shall comply with the following
covenants:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Information
Reporting and Monitoring</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
deliver to the Purchaser and the Agent:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Annual
Reporting</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Financial Statements</font>. As soon
as available, but in any event within ninety (90) days after the
end of each fiscal year of the Company (i) an unaudited balance
sheet as of the end of such year, (ii)&#xA0;unaudited statements of
income and of cash flows for such year, and a comparison between
(x)&#xA0;the actual amounts as of and for such fiscal year and (y)
the comparable amounts for the prior year and as included in the
Budget (as defined in <font style="text-decoration: underline">Section 6.1(a)(y)</font>) for such
year, with an explanation of any material differences between such
amounts and a schedule as to the sources and applications of funds
for such year, (iii) an unaudited statement of members&#x2019;
equity as of the end of such year, all such financial statements to
be prepared in accordance with GAAP and certified by independent
public accountants of nationally recognized standing selected by
the Company and reasonably acceptable to the Agent, and (iv)
audited financial statements of Aemetis, Inc. as delivered under
the Note Purchase Agreement, containing an audit opinion on
supplemental financial statements of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">(y)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Budget</font>. As soon as practicable,
but in any event thirty (30) days before the end of each fiscal
year of the Company, a budget and business plan of the Company for
the next fiscal year (collectively, the &#x201C;<font style="font-weight: bold">Budget</font>&#x201D;), approved by the Board
(including the Series A Preferred Units Manager) and prepared on a
monthly basis, including balance sheets, income statements, and
statements of cash flow for such months and, promptly after
prepared, any other budgets or revised budgets prepared by the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">31</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Quarterly
Reporting</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Financial Statements</font>. As soon
as available, but in any event within forty five (45) days after
the end of each of the first three (3) quarters of each fiscal year
of the Company, unaudited statements of income and cash flows for
such fiscal quarter, and an unaudited balance sheet and a statement
of members&#x2019; equity as of the end of such fiscal quarter, all
prepared in accordance with GAAP and certified by an officer of the
Company as being true, correct and complete (except that such
financial statements may (i) be subject to normal period-end audit
adjustments; and (ii) not contain all notes thereto that may be
required in accordance with GAAP).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">(y)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Capital Structure</font>. As soon as
available, but in any event within forty-five (45) days after the
end of each of quarter of each fiscal year of the Company, a
statement showing the number of shares of each class and series of
Units and Equity Securities convertible into or exercisable for
Units of the Company at the end of such quarter, the Common Units
issuable upon conversion or exercise of any outstanding Equity
Securities convertible or exercisable for Common Units and the
exchange ratio or exercise price applicable thereto, and the number
of Units of issued Unit options and Unit options not yet issued but
reserved for issuance, if any, all in sufficient detail as to
permit the Purchaser and the Agent to calculate the
Purchaser&#x2019;s percentage equity ownership in the Company, and
certified by an officer of the Company as being true, complete, and
correct.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Monthly
Reporting.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Progress Reports</font>. As soon as
available, and in any event within ten (10) days after the end of
each calendar month ending after the Initial Closing Date, a
monthly report prepared by the Company, as certified by the Third
Party Consultant on the progress of Development of the Project and
achievement of Milestones in substantially the form of <font style="text-decoration: underline">Exhibit E</font> and in detail
reasonably satisfactory to the Agent, including: (i)&#xA0;Milestone
schedules, Milestones met and not met and, in the case of
Milestones not met, the reasons why such Milestones were not met,
targeted Milestones for the next month, and targeted Milestones for
the next ninety (90) days, (ii) a report as to the progress of the
Project, (iii) in the event of any material deviation or variance
from the Gantt Chart and/or the Project Budget, the reason for such
material deviation and such other information reasonably requested
by the Purchaser and/or the Agent in connection therewith;
(iv)&#xA0;any factors or events which have had, are having or could
reasonably be expected to have a Material Adverse Effect; (v) the
status of all Permits necessary for the Development of the Project,
including with respect to Permits which have not been obtained, the
dates of applications submitted or to be submitted and the
anticipated dates of actions by applicable Governmental Authorities
with respect to such Permits; and (vi)&#xA0;the status of all
grants (including DDRDP grants) by Governmental Authorities for the
Development of the Project, including with respect to grants that
have not been obtained, the dates of applications submitted or to
be submitted and the anticipated dates of action by applicable
Governmental Authorities with respect to such grants.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 96px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Weekly Reporting</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">As soon as
available, and in any event by no later than 12pm (Pacific Standard
Time) on Friday of each week, following the Stabilization Period, a
weekly report prepared by the Company in substantially the form of
<font style="text-decoration: underline">Exhibit K</font> and in
detail reasonably satisfactory to the Agent, of (i) all
construction activities, highlighting any delays and deviations
from the Gantt Chart together with timelines, underlying causes and
remedies and corrective action proposed, (ii) a weekly log of daily
biogas production for each of the Initial Digesters and Additional
Digesters (once operational); (iii) a weekly log of daily average
temperature of manure in each lagoon (at the surface and the
bottom) for each Digester; (iii) a weekly log of daily measurement
of volume of influents and effluents for each Digester; and
(iv)&#xA0;weekly checks on the number of WCE for each of the
dairies, manure collection methods and quantum of supply to each
Digester, as per the Leases or other contracts signed with each of
the related dairies.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Compliance
Certificate</font>. Concurrently with the delivery of the financial
statements pursuant to <font style="text-decoration: underline">Sections 6.1(a)(i)(x)</font> and
<font style="text-decoration: underline">6.1(ii)(x)</font>, a duly
completed Compliance Certificate signed by the chief executive
officer of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Insurance</font>.
Concurrently with the delivery of its audited financial statements
pursuant to <font style="text-decoration: underline">Section
6.1(a)(i)(x)</font>, evidence of insurance coverage in form, scope,
and substance reasonably satisfactory to the Agent and otherwise in
compliance with the terms of this Agreement and the other
Transaction Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(vii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Other
Information</font>. Such other information relating to the Project
and/or the condition (financial or otherwise), business, assets,
operations, prospects, or corporate affairs of the Company as the
Purchaser or the Agent may from time to time reasonably
request.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">If, for
any period, the Company has any Subsidiary whose accounts are
consolidated with those of the Company, then in respect of such
period the financial statements delivered pursuant to the foregoing
sections shall be the consolidated and consolidating financial
statements of the Company and all such consolidated
Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Bank Account Reporting</font>. Unless
the Agent has electronic viewing access to the Company&#x2019;s bank
accounts, within five (5) Business Days after the end of each
calendar month, a statement issued by each bank for bank accounts
held by the Company showing balances and account history, including
the amount of cash and cash equivalents held in such bank
account.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Inspection Rights</font>. The Company
will, and will cause each Subsidiary to, (a) keep proper books of
record and account in which full, true and correct entries are made
of all dealings and transactions in relation to its business and
activities, and (b) permit any representatives designated by the
Agent (including employees of Agent or any consultants,
accountants, lawyers, auditors, engineers and appraisers retained
by the Agent), upon reasonable prior notice, to visit and inspect
the Project, conduct at the Project field examinations of the
Project, the Company&#x2019;s assets, liabilities, books and
records, including examining and making extracts from its books and
records, environmental assessment reports and Phase I or Phase II
studies, and to discuss its affairs, finances and condition with
its officers and independent accountants, all at such reasonable
times and as often as reasonably requested. All such inspections
and examinations shall be at the sole cost and expense of the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">33</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Monitoring</font>. The Agent may
conduct monthly reviews of the Development of the Project with the
Third Party Consultant in consultation with such other engineer,
consultant or advisor, in Agent&#x2019;s sole and reasonable
discretion, at the sole cost and expense of the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Notices</font>. The Company shall give
prompt written notice to the Agent of:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the occurrence of
any Trigger Event or Potential Trigger Event;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any
(A) default or event of default under any contractual obligation of
the Company or any Subsidiary or (ii) any Action, that in either
case, if not cured or if adversely determined, as the case may be,
could reasonably be expected to have a Material Adverse
Effect;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any
Action affecting the Company or any Subsidiary or the Project (A)
in which the amount involved is $50,000 or more and not covered by
insurance, (B) in which injunctive or similar relief is sought or
(C) which relates to any Transaction Document;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any
resignation or termination of any director, manager or any senior
officer of the Company, or the project manager hired for the
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any damage or
casualty to the Project or any part thereof;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the
commencement of any condemnation proceeding with respect to the
Project or any part thereof;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any
amendment, modification or termination of any DDRDP government
grant for or relating to the Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(viii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">each
Additional Digester Contract entered into by the Company;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ix)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">any
development or event that has had or could reasonably be expected
to have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Each
notice pursuant to this paragraph (e) shall be accompanied by a
statement of the chief financial officer of the Company setting
forth details of the occurrence referred to therein and stating
what action the Company proposes to take with respect
thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Other Information</font>. Upon the
request of the Agent, the Company shall promptly deliver he
following to the Agent (to the extent permitted by applicable Law):
(i) asset purchase reports and supporting invoices; (ii) detailed
production statistics; (iii) copies of all Project Contracts and
all other material contracts and authorizations; (iv)
organizational charts and compensation of all of the
Company&#x2019;s personnel; (v) copies of reports sent to
Unitholders and the Board; and (vi) such further schedules,
reports, documents, and information as the Agent may
require.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Certain
Notifications</font><font style="font-family: Times New Roman; font-size: 13px">. The Company shall
promptly notify the Purchaser and the Agent of any fact, event or
circumstance of which the Company is aware and which would be
reasonably likely to cause any representation or warranty of the
Company contained in this Agreement to be untrue or inaccurate or
to cause any covenant or agreement of the Company contained in this
Agreement not to be complied with or satisfied; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that delivery of any
notice pursuant to this <font style="text-decoration: underline">Section 6.2</font> shall not limit or
affect any rights of or remedies available to the Purchaser or the
Agent.</font></div>
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<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Preference
Payments</font><font style="font-family: Times New Roman; font-size: 13px">. Commencing on the
second anniversary (the &#x201C;<font style="font-weight: bold">Second Anniversary</font>&#x201D;) of the
Initial Closing Date (and commencing on the date of issuance with
respect to any Series A Preferred Units issued on or after the
Second Anniversary), Preference Payments on each Series A Preferred
Unit shall accrue, whether or not there are funds legally available
for the payment of Preference Payments, on a daily basis at the
rate per annum of $0.50 per Series A Preferred Unit outstanding.
All accrued Preference Payments on any Series A Preferred Unit
shall be paid (a)&#xA0;on the last day of April, July, October and
January of each calendar year, or (b) upon a Liquidation or
redemption of the Series A Preferred Units in accordance with the
provisions of <font style="text-decoration: underline">Section
6.4</font> or <font style="text-decoration: underline">Section
6.9</font>. All accrued and accumulated Preference Payments on the
Series A Preferred Units shall be prior and in preference to any
dividend or distribution on any Junior Securities and shall be
fully paid before any dividends are declared and paid, or any other
distributions or redemptions are made, on any other Junior
Securities. Except as otherwise provided herein, if at any time the
Company pays less than the total amount of Preference Payments then
accrued and accumulated with respect to the Series A Preferred
Units, such payment shall be distributed pro rata among the holders
of Series A Preferred Units based upon the aggregate accrued and
accumulated but unpaid Preference Payments on the Series A
Preferred Units held by each such holder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 72px; text-indent: 72px"><font style="font-family: Times New Roman; font-size: 13px">Section
6.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Liquidation; Deemed
Liquidation</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Liquidation</font>. In the event of
any voluntary or involuntary liquidation, dissolution or winding up
of the Company (collectively with a Deemed Liquidation, a
&#x201C;<font style="font-weight: bold">Liquidation</font>&#x201D;),
the holders of Series A Preferred Units then outstanding shall be
entitled to be paid out of the assets of the Company available for
distribution to its Unitholders, before any payment shall be made
to the holders of Junior Securities by reason of their ownership
thereof, an amount in cash equal to the aggregate Liquidation Value
of all Series A Preferred Units held by such holder, plus all
unpaid accrued and accumulated Preference Payments on all Series A
Preferred Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Deemed Liquidation</font>.<font style="font-weight: bold">&#xA0;</font>The occurrence of either a Change
of Control or a Qualified Public Offering (either such event, a
&#x201C;<font style="font-weight: bold">Deemed
Liquidation</font>&#x201D;) shall be deemed a Liquidation for
purposes of this <font style="text-decoration: underline">Section
6.4</font>. Upon the consummation of any such Deemed Liquidation,
the holders of the Series A Preferred Units shall, in consideration
for cancellation of their Series A Preferred Units, be entitled to
the same rights such holders are entitled to under this
<font style="text-decoration: underline">Section 6.4</font> upon
the occurrence of a Liquidation, including the right to receive the
full preferential payment from the Company of the amounts payable
with respect to the Series A Preferred Units under <font style="text-decoration: underline">Section 6.4(a)</font>
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Deemed Liquidation Procedures</font>.
In furtherance of the foregoing, the Company shall take such
actions as are necessary to give effect to the provisions of
<font style="text-decoration: underline">Section 6.4(a)</font> and
<font style="text-decoration: underline">Section 6.4(b)</font>,
including, without limitation, (i) in the case of a Change of
Control structured as a merger, consolidation or similar
reorganization, causing the definitive agreement relating to such
transaction to provide for a rate at which Series A Preferred Units
are converted into or exchanged for cash, or (ii) in the case of a
Change of Control structured as an asset sale, as promptly as
practicable following such transaction, either dissolving the
Company and distributing the assets of the Company in accordance
with applicable Law or redeeming all outstanding Series A Preferred
Units and, in the case of both (i) and (ii), giving effect to the
preferences and priorities set forth in this <font style="text-decoration: underline">Section 6.4</font>. The Company shall
promptly provide to the holders of Series A Preferred Units such
information concerning the terms of such Change of Control, and the
value of the assets of the Company as may reasonably be requested
by the holders of Series A Preferred Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Notice Requirement</font>. In the
event of any Liquidation (or Deemed Liquidation), the Company
shall, within ten (10) days of the date the Board approves such
action, or no later than twenty (20) days of any Unitholders&#x2019;
meeting called to approve such action, or within twenty (20) days
of the commencement of any involuntary proceeding, whichever is
earlier, give the Agent and each holder of Series A Preferred Units
written notice of the proposed action. Such written notice shall
describe the material terms and conditions of such proposed action,
including a description of the stock, cash and property to be
received by the holders of Series A Preferred Units upon
consummation of the proposed action and the date of delivery
thereof. If any material change in the facts set forth in the
initial notice shall occur, the Company shall promptly give written
notice to each holder of Series A Preferred Units of such material
change.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Conversion</font><font style="font-family: Times New Roman; font-size: 13px">.
The holders of the Series A Preferred Units shall have conversion
rights as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Right to Convert</font>. Each Series A
Preferred Unit shall be convertible, at the option of the holder
thereof, at any time and from time to time, and without the payment
of additional consideration by the holder thereof, into one (1)
fully paid and non-assessable Common Unit, <font style="text-decoration: underline">provided</font> that (i) the total
number of Common Units into which Series A Preferred Units may be
converted shall not exceed 1,200,000 Common Units or, subject to
<font style="text-decoration: underline">Section 7.2</font>,
5,000,000 Common Units (subject in each case to appropriate
adjustment in the event of any distributions, Common Unit split,
reclassification, combination or other similar recapitalization
affecting such Units), and (ii) the Common Units into which Series
A Preferred Units are converted shall have terms and conditions
that are identical to the terms of the Common Units held by
Aemetis.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Fractional Units</font>. No fractional
Common Units shall be issued upon conversion of a Series A
Preferred Unit. In lieu of any fractional Units to which the holder
would otherwise be entitled, the Company shall pay cash equal to
such fraction multiplied by the Fair Market Value of a Common Unit.
Whether or not fractional Units would be issuable upon such
conversion shall be determined on the basis of the total number of
Series A Preferred Units the holder is at the time converting into
Common Units and the aggregate number of Commons Units issuable
upon such conversion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Notice of Conversion</font>. In order
for a holder of Series A Preferred Units to voluntarily convert
Series A Preferred Units into shares of Common Units, such holder
shall provide written notice to the Company that such holder elects
to convert a number of such holder&#x2019;s Series A Preferred Units
and, if applicable, any event on which such conversion is
contingent. Such notice shall state such holder&#x2019;s name or the
names of the nominees in which such holder wishes the Common Units
to be issued. The close of business on the date of receipt by the
Company shall be the time of conversion (the &#x201C;<font style="font-weight: bold">Conversion Time</font>&#x201D;), and the Common
Unit issuable upon conversion of the specified shares shall be
deemed to be outstanding of record as of such date. The Company
shall, as soon as practicable after the Conversion Time pay in cash
such amount as provided in <font style="text-decoration: underline">Section 6.5(b)</font> in lieu of any
fraction of a Common Unit otherwise issuable upon such conversion.
Any accrued but unpaid Preference Payments or distribution with
respect to each Series A Preferred Unit so converted shall become
payable to the holder as of the Conversion Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Reservation of Units</font>. The
Company shall at all times when any Series A Preferred Units shall
be outstanding, reserve and keep available out of its authorized
but unissued Units, for the purpose of effecting the conversion of
the Series A Preferred Units, such number of its duly authorized
Common Units as shall from time to time be sufficient to effect the
conversion of all outstanding Series A Preferred Units entitled to
conversion; and if at any time the number of authorized but
unissued Common Units shall not be sufficient to effect the
conversion of all then outstanding Series A Preferred Units
entitled to conversion, the Company and the Unitholders shall take
such action as may be necessary to increase its authorized but
unissued Common Units to such number of Common Units as shall be
sufficient for such purposes, including, without limitation,
engaging in best efforts to obtain the requisite approval of any
necessary amendment to the Company Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Adjustments for Certain Diluting
Issues</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Adjustments for Splits and
Combinations</font>. If the Company shall at any time or from time
to time after the Initial Closing Date effect a subdivision of the
outstanding Common Units, the number of Common Units issuable on
conversion of the Series A Preferred Units shall be increased in
proportion to such increase in the aggregate number of Common Units
outstanding. If the Company shall at any time or from time to time
after the Initial Closing Date combine the outstanding Common
Units, the number of Common Units issuable on conversion of the
Series A Preferred Units shall be decreased in proportion to such
decrease in the aggregate number of Common Units
outstanding.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Adjustments
for Distributions</font>. In the event the Company at any time or
from time to time after the Initial Closing Date shall make a
distribution payable in securities of the Company (including a
distribution of Common Units in respect of outstanding Common
Units) or in other property, then and in each such event the
holders of Series A Preferred Units shall receive, simultaneously
with the distribution, a distribution of such securities or other
property in an amount equal to the amount of such securities or
other property as they would have received if all outstanding
Series A Preferred Units entitled to convert into Common Units had
been converted into Common Units on the date of such
event.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Adjustment
for Merger or Reorganization, etc</font>. If there shall occur any
reorganization, recapitalization, reclassification, consolidation
or merger involving the Company in which the Common Units (but not
the Series A Preferred Units) are converted into or exchanged for
securities, cash or other property (other than a transaction
covered by <font style="text-decoration: underline">Section
6.5(e)(ii)</font>), then, following any such reorganization,
recapitalization, reclassification, consolidation or merger, each
Series A Preferred Unit entitled to be converted shall thereafter
be convertible in lieu of the Common Unit into which it was
convertible prior to such event into the kind and amount of
securities, cash or other property which a holder of the number of
Common Units issuable upon conversion of one Series A Preferred
Unit immediately prior to such reorganization, recapitalization,
reclassification, consolidation or merger would have been entitled
to receive pursuant to such transaction; and, in such case,
appropriate adjustment (as determined in good faith by the Board)
shall be made in the application of the provisions in this
<font style="text-decoration: underline">Section 6.5</font> with
respect to the rights and interests thereafter of the holders of
the Series A Preferred Units, to the end that the provisions set
forth in this <font style="text-decoration: underline">Section
6.5</font> shall thereafter be applicable, as nearly as reasonably
may be, in relation to any securities or other property thereafter
deliverable upon the conversion of the Series A Preferred
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Certificate
as to Adjustments</font>. Upon the occurrence of each adjustment
pursuant to this <font style="text-decoration: underline">Section
6.5(e)</font>, the Company at its expense shall, as promptly as
reasonably practicable but in any event not later than ten (10)
days thereafter, compute such adjustment in accordance with the
terms hereof and furnish to each holder of Series A Preferred Units
a certificate setting forth such adjustment (including the kind and
amount of securities, cash or other property into which the Series
A Preferred Units are convertible) and showing in detail the facts
upon which such adjustment or readjustment is based. The Company
shall, as promptly as reasonably practicable after the written
request at any time of any holder of Series A Preferred Units (but
in any event not later than ten (10) days thereafter), furnish or
cause to be furnished to such holder a certificate setting forth
the number of Common Units and the amount, if any, of other
securities, cash or property which then would be received upon the
conversion of a Series A Preferred Unit.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">37</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Notice</font>. In the event: (A) the
Company intends to take any action entitling or enabling
Unitholders to receive any dividend or other distribution, or to
receive any right to subscribe for or purchase any securities, or
to receive any other security; (B) the Company intends to effect
any capital reorganization of the Company, any reclassification of
the Common Units, or any Change of Control; or (C) of the voluntary
or involuntary dissolution, liquidation or winding-up of the
Company, then, and in each such case, the Company will send or
cause to be sent to the holders of the Series A Preferred Units a
notice specifying, as the case may be, (i) the date for such
dividend, distribution or right, and the amount and character of
such dividend, distribution or right, or (ii)&#xA0;the effective
date on which such reorganization, reclassification, consolidation,
merger, transfer, dissolution, liquidation or winding-up is
proposed to take place, and the time, if any is to be fixed, as of
which the holders of record of Common Units (or such other capital
stock or securities at the time issuable upon the conversion of the
Series A Preferred Unit) shall, or shall be entitled to, exchange
their Common Units (or such other Equity Securities) for securities
or other property deliverable upon such reorganization,
reclassification, consolidation, merger, transfer, dissolution,
liquidation or winding-up, and the amount per share and character
of such exchange applicable to the Series A Preferred Units and the
Common Units. Such notice shall be sent at least twenty (20) days
prior to the effective date for the event specified in such
notice.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No
Charge or Payment</font>. The Company shall pay any and all issue
and other similar Taxes that may be payable in respect of any
issuance or delivery of Common Units upon conversion of Series A
Preferred Units pursuant to this <font style="text-decoration: underline">Section 6.5</font>. The issuance of
certificates for Common Units upon conversion of Series A Preferred
Units pursuant to <font style="text-decoration: underline">Section
6.5</font> shall be made without payment of additional
consideration by, or other charge, cost or Tax to, the holder in
respect thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Voting
Generally</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Each holder of
outstanding Series A Preferred Units shall be entitled to one vote
per Series A Preferred Unit and to vote with holders of outstanding
Common Units, voting together as a single class, with respect to
any and all matters presented to the Unitholders of the Company for
their action or consideration (whether at a meeting of Unitholders
of the Company, by written action of Unitholders in lieu of a
meeting or otherwise), except as provided by Law or by the
provisions of <font style="text-decoration: underline">Section
6.8</font> below. Each holder of outstanding Series A Preferred
Units shall be entitled to notice of all Unitholder meetings (or
requests for written consent) in accordance with the
Company&#x2019;s Company Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Any of the rights,
powers, preferences and other terms of the Series A Preferred Units
set forth herein may be waived on behalf of all holders of Series A
Preferred Units by the affirmative written consent or vote of the
holders of at least a majority of the Series A Preferred Units then
outstanding.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">38</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Board</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
at all times have three (3) Managers. The holders of record of a
majority of the Series A Preferred Units (or if no Series A
Preferred Units are outstanding, but Series A Preferred Units have
been converted into Common Units, then a majority of the holders of
such Common Units resulting from such conversion), exclusively and
as a separate class, shall be entitled to elect one (1) Manager of
the Company (the &#x201C;<font style="font-weight: bold">Series A
Preferred Units Manager</font>&#x201D;). The holders of record of
Common Units and the Series A Preferred Units, exclusively and
voting together as a single class, shall be entitled to elect the
two remaining Managers of the Company. Any Manager elected as
provided in the preceding sentence may be removed without cause by,
and only by, the affirmative vote of a majority of the holders of
the Units of the class or series of Units entitled to elect such
Manager, given either at a special meeting of such Unitholders duly
called for that purpose or pursuant to a written consent of the
relevant Unitholders. If the holders of Series A Preferred Units or
Common Units, as the case may be, fail to elect a sufficient number
of Managers to fill the Board for which they are entitled to elect
Managers, voting exclusively and as a separate class pursuant to
the first sentence of this <font style="text-decoration: underline">Section 6.5</font>, then any Manager
position not so filled shall remain vacant until such time as the
holders of the Series A Preferred Units or Common Units, as the
case may be, elect a person to fill such Manager position by vote
or written consent in lieu of a meeting; and no such Manager
position may be filled by Unitholders of the Company other than by
the Unitholders of the Company that are entitled to elect a person
to fill such Manager Position, voting exclusively and as a separate
class. Except as otherwise provided in this <font style="text-decoration: underline">Section 6.7</font>, a vacancy in any
Manager position filled by the holders of any class or series of
Units shall be filled only by vote or written consent in lieu of a
meeting of the holders of such class or series of Units. The
Company shall execute and deliver or cause to be executed and
delivered such further instruments and do and cause to be done such
further acts as may be necessary or proper in the reasonable
opinion of the Purchaser to effectually carry out this
provision.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
notify the Agent of the date and time for each regular and special
meeting of the Board or any committee thereof or of the adoption of
any resolutions by written consent (describing in reasonable detail
the nature and substance of such action) at the same time and in
the same manner that notice is provided to Managers of the Company
and provide to the Agent any materials delivered to the Managers of
the Company at the same time such materials are provided to such
Managers. The Board shall meet at least once per quarter. The Agent
shall be free to contact the Managers of the Company and discuss
the pending actions to be taken.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Series
A Preferred Units Protective Provisions</font><font style="font-family: Times New Roman; font-size: 13px">. For so long as
any Series A Preferred Units remain outstanding, the Company shall
not, either directly or indirectly by agreement, amendment, merger,
consolidation or otherwise, do any of the following without (in
addition to any other vote required by Law or the Company
Agreement) the written consent or affirmative vote of the holders
of at least a majority of the then outstanding Series A Preferred
Units, given in writing or by vote at a meeting, consenting or
voting (as the case may be) separately as a class:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">liquidate, dissolve
or wind-up the business and affairs of the Company or any
Subsidiary, or consent to or otherwise approve any of the
foregoing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">take any action
that would result in a Bankruptcy Event; adopt a plan of
liquidation of the Company or any of its Subsidiaries; take any
action to commence any suit, case, proceeding or other action under
any existing or future Law of any jurisdiction relating to
bankruptcy, insolvency, reorganization or relief of debtors seeking
to have an order for relief entered with respect to the Company or
any of its Subsidiaries, or seeking to adjudicate the Company or
any of its Subsidiaries as bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to the
Company or any of its Subsidiaries; appoint a receiver, trustee,
custodian or other similar official for the Company or any of its
Subsidiaries, or for all or any material portion of the assets of
the Company or any of its Subsidiaries; or make a general
assignment for the benefit of the creditors of the Company or any
of its Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">amend, modify,
alter or repeal any provision of the Certificate of Formation, the
Company Agreement or this Agreement in a manner that affects the
powers, preferences or rights of the Series A Preferred Units or
that increases or decreases the number of authorized Series A
Preferred Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">create, or
authorize the creation of, any additional class or series of Units
or reclassify or authorize the reclassification of any class or
series of Units (unless the same ranks junior in all respects to
the Series A Preferred Units with respect to the distribution of
assets on the liquidation, dissolution or winding up of the
Company, the payment of dividends and distributions, and redemption
rights) or increase or decrease the authorized number of Series A
Preferred Units or increase the authorized number of shares of any
additional class or series of Units (unless the same ranks junior
to the Series A Preferred Units with respect to the distribution of
assets on the liquidation, dissolution or winding up of the
Company, the payment of dividends and distributions, and redemption
rights);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">purchase, redeem or
otherwise acquire (or permit any Subsidiary to purchase, redeem or
otherwise acquire), or pay, declare or make any dividend or
distribution on, any Common Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">create any bonds,
notes or Equity Securities that are convertible into, or
exchangeable for, or have option rights to purchase or otherwise
acquire, any Units (or other ownership or profits interests) in the
Company that would rank senior to or <font style="font-style: italic">pari passu</font> with the Series A Preferred
Units with respect to the distribution of assets on the
liquidation, dissolution or winding up of the Company, the payment
of dividends and distributions, and redemption rights;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">create, incur,
assume, guarantee or authorize the creation, incurrence, guarantee,
or assumption of, or issue, or authorize the issuance of any
Indebtedness, or permit any Subsidiary to take any such action with
respect to any Indebtedness, except for current trade payables
incurred in the ordinary course of business, or amend, renew,
increase or otherwise alter in any material respect the terms of
any Indebtedness previously approved or required to be approved by
holders of Series A Preferred Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">increase or
decrease the authorized number of Managers constituting the Board
from three (3) or otherwise affects the composition or appointment
of the Board;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">engage in any line
of business other than the business conducted or proposed to be
conducted by the Company as of the Effective Date or use, or permit
the use of, the proceeds from the issuance of the Series A
Preferred Units for any purpose other than the purposes specified
in <font style="text-decoration: underline">Section
2.3</font>;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">enter into, or
become subject to or bound by, any agreement or instrument or other
obligation which by its terms restricts the Company&#x2019;s ability
to perform any of its obligations under the Company Agreement
and/or this Agreement, including the ability of the Company to pay
dividends or distributions or make any redemption or liquidation
payments with respect to the Series A Preferred Units required
hereunder and/or under the Company Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">effect any
recapitalization, restructuring or reorganization or split or
combination of any Unit, Preferred Unit, or Common
Unit;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">effect or enter
into any agreement to effect any Change of Control;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">sell, transfer,
license, lease or otherwise dispose of, in any transaction or
series of related transactions, any assets of the Company or any
Subsidiary having a Fair Market Value in excess of $100,000, other
than inventory in the ordinary course of business;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">create, form or
acquire any Subsidiary; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">take any action,
authorize or approve, or enter into any binding agreement with
respect to or otherwise commit to do any of the
foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Redemption</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Quarterly Mandatory Redemption</font>.
On the last day of April, July, October and January of each
calendar year (each a &#x201C;<font style="font-weight: bold">Quarterly Redemption Date</font>&#x201D;), the
Company shall mandatorily redeem, at their Liquidation Value, the
number of Series A Preferred Units equal to seventy-five percent
(75%) of Free Cash Flow (if positive) generated by the Company
during the calendar quarter then most recently ended divided by the
Liquidation Value (the aggregate redemption price on any such date
being a &#x201C;<font style="font-weight: bold">Quarterly Redemption
Price</font>&#x201D;). In connection with the payment of each such
mandatory redemption, the Company shall provide a statement setting
forth the calculation of the Quarterly Redemption Price, along with
such supporting documentation as may be reasonably requested by the
Agent. To the extent that the Quarterly Redemption Price is subject
to a subsequent period-end audit adjustment, and either too little
or too much was redeemed, Company will either promptly pay
additional funds to the applicable Members, or Company will offset
present or future redemptions payable to Members. Mandatory
redemptions pursuant to this <font style="text-decoration: underline">Section 6.9(a)</font> shall be made in
immediately available funds and shall not exceed $90,000,000 in the
aggregate. If any Series A Preferred Units are not timely redeemed
pursuant to this Section 6.9(a), the unpaid Quarterly Redemption
Price for such unredeemed Units will bear interest at 10% per
annum, compounded daily, and any unpaid interest shall accrue and
shall be due and payable no later than the next Quarterly
Redemption Date (irrespective of whether the Company generates
positive Free Cash Flow on such next Quarterly Redemption Date or
is required to redeem any other Series A Preferred Units on such
date).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Full Redemption</font>. On the sixth
anniversary of the Signing Date (the &#x201C;<font style="font-weight: bold">Final Redemption Date</font>&#x201D;), the
Company shall redeem all of the outstanding Series A Preferred
Units by paying to the Purchaser, in immediately available funds,
an aggregate amount equal to the Liquidation Value of all issued
and outstanding Series A Preferred Units plus all accrued and
unpaid Preference Payments on the Series A Preferred Units (the
&#x201C;<font style="font-weight: bold">Final Redemption
Price</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Interest</font>. If any Series A
Preferred Units required to be redeemed on any Redemption Date are
not redeemed in accordance with this Agreement, (i) all such
unredeemed Series A Preferred Units shall remain outstanding and
continue to have the rights, preferences and privileges provided in
this Agreement, including the accrual and accumulation of
Preference Payments, and (ii)&#xA0;the Company shall pay interest
on the Redemption Price applicable to such unredeemed Series A
Preferred Units at a per annum rate equal to ten percent (10%),
compounded daily; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that in no event shall
such interest exceed the maximum permitted rate of interest under
applicable law (the &#x201C;<font style="font-weight: bold">Maximum
Permitted Rate</font>&#x201D;), p<font style="text-decoration: underline">rovided</font>, <font style="text-decoration: underline">however</font>, that the Company shall
take all such actions as may be necessary, including without
limitation, making any applicable governmental filings, to cause
the Maximum Permitted Rate to be the highest possible rate. In the
event any provision hereof would result in the rate of interest
payable hereunder being in excess of the Maximum Permitted Rate,
the amount of interest required to be paid hereunder shall
automatically be reduced to eliminate such excess; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that any subsequent
increase in the Maximum Permitted Rate shall be retroactively
effective to the applicable Redemption Date to the extent permitted
by law. Subject to Section 6.9(a), accrued and unpaid interest on
any past due Redemption Price shall be due and payable when such
Redemption Price is paid.</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">41</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Preemptive
Rights</font><font style="font-family: Times New Roman; font-size: 13px">. Subject to the
terms and conditions of <font style="text-decoration: underline">Section 6.8</font>, this <font style="text-decoration: underline">Section&#xA0;6.10</font> and
Applicable Securities Laws, if the Company proposes to offer or
sell any Equity Securities, the Company shall first offer such
Equity Securities to each Member holding Series A Preferred Units
(excluding any such Member who is not an &#x201C;accredited
investor&#x201D; as defined in Regulation D promulgated under the
Securities Act) (each, a &#x201C;<font style="font-weight: bold">Preemptive Right
Member&#x201D;</font>).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
give notice (the &#x201C;<font style="font-weight: bold">Offer
Notice</font>&#x201D;) to each Preemptive Right Member, stating (i)
its bona fide intention to offer such Equity Securities, (ii) the
number of such Equity Securities to be offered, (iii) the price and
terms, if any, upon which it proposes to offer such Equity
Securities, and (iv) if the consideration to be paid for such
Equity Securities includes non-cash consideration, the Fair Market
Value thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">By notification to
the Company within twenty (20) days after the Offer Notice is
given, each Preemptive Right Member may elect to purchase or
otherwise acquire, at the price and on the terms specified in the
Offer Notice, up to that portion of such Equity Securities which
equals the proportion that the Series A Preferred Units then held
by such Preemptive Right Member bears to the total Series A
Preferred Units then outstanding; <font style="text-decoration: underline">provided</font> that if the
consideration to be paid for such Equity Securities includes
non-cash consideration, each Preemptive Right Member shall be
entitled, at its option, to pay the price in cash in lieu of such
non-cash consideration. At the expiration of such twenty (20) day
period, the Company shall promptly notify each Preemptive Right
Member that elects to purchase or acquire all the shares available
to it (each, a &#x201C;<font style="font-weight: bold">Fully
Exercising Member</font>&#x201D;) of any other Preemptive Right
Member&#x2019;s failure to do likewise. During the ten (10) day
period commencing after the Company has given such notice, each
Fully Exercising Member may, by giving notice to the Company, elect
to purchase or acquire, in addition to the number of shares
specified above, up to that portion of the Equity Securities for
which Preemptive Right Members were entitled to subscribe but that
were not subscribed for by the Preemptive Right Members which is
equal to the proportion that the Series A Preferred Units then held
by such Fully Exercising Member bears to the Series A Preferred
Units then held by all Fully Exercising Members who wish to
purchase such unsubscribed shares. The closing of any sale pursuant
to this <font style="text-decoration: underline">Section
6.9(c)</font> shall occur within the later of ninety (90) days of
the date that the Offer Notice is given and the date of initial
sale of Equity Securities pursuant to <font style="text-decoration: underline">Section 6.10(d)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If all Equity
Securities referred to in the Offer Notice are not elected to be
purchased or acquired as provided in <font style="text-decoration: underline">Section 6.10(c)</font>, the Company
may, during the ninety (90) day period following the expiration of
the periods provided in <font style="text-decoration: underline">Section 6.10(c)</font>, offer and sell
the remaining unsubscribed portion of such Equity Securities to any
Person or Persons at a price not less than, and upon terms no more
favorable to the offeree than, those specified in the Offer Notice.
If the Company does not enter into an agreement for the sale of the
Equity Securities within such period, or if such agreement is not
consummated within thirty (30) days of the execution thereof, the
right provided hereunder shall be deemed to be revived and such
Equity Securities shall not be offered unless first reoffered to
the Preemptive Right Members in accordance with this <font style="text-decoration: underline">Section 6.10</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Subject to the
terms and conditions of this <font style="text-decoration: underline">Section 6.9</font> and Applicable
Securities Laws, if any Subsidiary of the Company proposes to offer
or sell any Equity Securities, such Subsidiary shall first offer
such Equity Securities to each Member holding Series A Preferred
Units in accordance with the terms and conditions of this
<font style="text-decoration: underline">Section 6.10</font>,
<font style="font-style: italic">mutatis
mutandis</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Closing
Fee</font><font style="font-family: Times New Roman; font-size: 13px">. At the Initial
Closing, the Company shall pay to the Agent, for its own account,
in immediately available funds, a closing fee equal to $900,000 to
an account designated by the Agent, or a signed direction to
withhold such closing fee from the Subscription Amount payable at
the Initial Closing. Once paid, such fee shall be deemed fully
earned and non-refundable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Unit
Ownership Ledger</font><font style="font-family: Times New Roman; font-size: 13px">. The Company shall
create and maintain a ledger (the &#x201C;<font style="font-weight: bold">Unit Ownership Ledger</font>&#x201D;) in
accordance with the Company Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">D&amp;O
and Other Insurance</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
obtain and maintain from financially sound and reputable insurers
directors and officers liability insurance in an amount and on
terms and conditions satisfactory to the Board (which shall include
Side A Coverage), and will use commercially reasonable efforts to
cause such insurance policies to be maintained until such time as
the Board determines that such insurance should be discontinued.
Notwithstanding any other provision of this <font style="text-decoration: underline">Section 6.13</font> to the contrary,
for so long as the Series A Preferred Units Manager is serving on
the Board, the Company shall maintain a directors and officers
liability insurance policy in an amount of at least $3,000,000
(with additional Side A coverage of at least $2,000,000) and
otherwise satisfactory to the Series A Preferred Units Manager, and
the Company shall annually, within one hundred twenty (120) days
after the end of each fiscal year of the Company, deliver to the
Purchaser and the Agent a certification that such a directors and
officers liability insurance policy remains in effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
maintain with financially sound and reputable carriers having a
financial strength rating of at least A- by A.M. Best Company (a)
insurance in such amounts (with no greater risk retention) and
against such risks (including, without limitation, loss, casualty
or damage by fire and loss in transit; theft, burglary, pilferage,
larceny, embezzlement, and other criminal activities; business
interruption; and general liability) and such other hazards, as is
customarily maintained by companies of established repute engaged
in the same or similar businesses operating in the same or similar
locations and (b) all insurance required pursuant to the Collateral
Documents. Such insurance must be satisfactory to the Agent. The
Company will from time to time furnish to the Agent information in
reasonable detail as to the insurance so maintained.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
cause each contractor and subcontractor, prior to performing work
on the Project, to supply proper evidence of the types of insurance
as set forth in their respective contracts and will include, where
applicable, professional liability insurance. Such insurance
supplied by each contractor and subcontractor shall, with the
exception of workers compensation, where contractually able: (i)
add the Company and the Agent as additional insured; (ii) be
primary with respect to insurance provided the Company, the
Purchaser and the Agent as additional insured; (iii) waive rights
of subrogation against the Company and the Agent as additional
insured; and (iv) continue in force until all obligations of the
contractor or subcontractor are fulfilled.</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Financial
Covenants</font><font style="font-family: Times New Roman; font-size: 13px">. The Company shall
comply with the following financial covenants:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Operating Cash Flow per
Digester</font>. Following the Stabilization Period of each
Digester, such Digester shall have minimum quarterly Operating Cash
Flow of $300,000.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Total Operating Cash Flow</font>. The
Company will cause minimum quarterly Operating Cash Flow on a
cumulative basis to be not less than the amounts specified below
for the periods specified below:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
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<tr>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 27px; text-indent: -24px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Calendar
Months following Initial Closing Date</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 24px; text-indent: -36px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Cumulative
Operating Cash Flow</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">15
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$1,500,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">18
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$2,300,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">21
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$3,200,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">24
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$7,900,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">27
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$15,600,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">30
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$21,100,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">33
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$26,500,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">36
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$32,900,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">39
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$39,900,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">42
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$46,000,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">45
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$52,100,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">48
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$59,300,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">51
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$67,000,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">54
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$73,000,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">57
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$79,000,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 44px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">60
months</font></div>
</td>
<td style="vertical-align: top; width: 51%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">$86,000,000</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Minimum Biogas Output</font>.
Commencing on October 18, 2019, the Company will cause the average
biogas output generated by the Digesters from cow manure and
reported monthly to be not less than 11 MMBTU per WCE per year on a
seasonally adjusted, annualized basis.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Operational
Covenants</font><font style="font-family: Times New Roman; font-size: 13px">. The Company shall
comply with the following covenants:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
comply with and shall enforce all of the terms of the Project
Contracts.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
not (i) cancel or terminate any Project Contract or consent to or
accept any cancellation or termination thereof; (ii) amend, modify
or change in any manner any term or condition of any Project
Contract or give any consent, waiver or approval thereunder;
(iii)&#xA0;waive any default under or any breach of any term or
condition of any Project Contract; or (iv) take any other action in
connection with any Project Contract that would impair the value of
the interest or rights of the Company thereunder or that would
impair the rights or interests of the Agent or the Purchaser
therein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">44</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
comply with all applicable Laws and all of its contractual
obligations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
pay, discharge or otherwise satisfy at or before maturity or before
they become delinquent, as the case may be, all its material
obligations of whatever nature, except where the amount or validity
thereof is currently being contested in good faith by appropriate
proceedings and reserves in conformity with GAAP with respect
thereto have been provided on the books of the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
maintain a centralized monitoring and control system for data
collection comprising all key performance indicators and measured
parameters, with primary data feeds connected to a control console
to be located at the Keyes Plant with a connecting feed to Maas
Energy&#x2019;s offices until such time as the Maas Energy Contract
expires in accordance with its terms.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company may
transition operation and maintenance of the Project from Maas
Energy to another contractor, acceptable to the Agent, after the
first anniversary following the end of the Stabilization
Period.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
maintain regular contact with each dairy farmer to monitor and
notify the Agent of any changes in the feed to the cows at each
dairy.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
maintain an inventory of required spares and long lead time items
to ensure uninterrupted operations of the Digesters.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At the
Agent&#x2019;s request, and the Company&#x2019;s sole expense, the
Company will engage and maintain a California- approved specialist
bioenergy consultant to maximize proceeds from the Company&#x2019;s
LCFS and RIN credits.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
not create or acquire any Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
not make any loans or advances to, or investments in, any other
Person, outside of prepaid or trade account arrangements typical
and reasonable to operate the business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
not amend, restate, supplement or otherwise modify the Gantt chart
or the Project Budget without the prior written approval of the
Agent and the Third Party Consultant.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
maintain in full force and effect all Permits necessary or
desirable for the Development of the Project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
establish and maintain proper procedures in accordance with
applicable law for obtaining conditional and final lien waivers
from all contractors and subcontractors performing work on the
Project, and the Company shall obtain, or cause to be obtained,
sworn lien waivers concurrently with each payment to each
contractor and subcontractor performing work on the Project. All
such lien waivers shall comply with applicable law and shall
evidence receipt of all payments made prior to the date thereof or
that are then due and payable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
not make any payments to Aemetis pursuant to the Management
Agreement without the Agent&#x2019;s prior written consent nor
during or following a Trigger Event.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(p)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">After the date
hereof, any DDRDP grants applied for by the Company with respect to
the Project shall be applied for by the Company and shall be
awarded directly to the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">45</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Other
Covenants</font><font style="font-family: Times New Roman; font-size: 13px">. The Company shall
comply with the following covenants:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
provide the Agent as soon as practicable with all engineering
drawings in connection with construction and completion of the
Project, Project Contracts, materials estimates and takeoffs, plans
and specifications, Permits and approvals, the Project Budget,
Milestone and construction schedules, and bonding insurance, in
each case to be prepared or approved by Maas Energy and confirmed
by the Third Party Consultant.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company agrees
to enter into, at least ninety (90) days prior to the end of the
Stabilization Period of the Initial Digesters, CNG and/or natural
gas supply agreements with one or more transportation and/or energy
companies (&#x201C;<font style="font-weight: bold">CNG
Transportation Agreements</font>&#x201D;), including G&amp;G and Al
Gilbert, satisfactory to the Agent, that allow for transport of
100% of biogas generated from the Project for a minimum term of six
(6) years.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Upon completion of
the Initial Digesters, the Company agrees to cover any cost overrun
in the Project Budget, from time to time, by arranging USDA
guaranteed, low interest rate loans up to $20,000,0000 to avoid any
work stoppages during execution of the Project (the
&#x201C;<font style="font-weight: bold">USDA Loan
Condition</font>&#x201D;), on terms acceptable to the
Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Collateral</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Collateral Documents Generally</font>.
To secure full and complete payment and performance of the
Obligations, the Company shall from time to time execute and
deliver, or cause to be executed and delivered, all Collateral
Documents required by the Agent to grant to the Agent, for the
benefit of the Secured Parties, a perfected, first priority lien on
and security interest in all present and future property of the
Company. The Company shall execute and cause to be executed such
further documents and instruments, including without limitation,
UCC financing statements, as the Agent, in its sole discretion,
deems necessary or desirable to create, evidence, preserve,
protect, and perfect its liens and security interests in the
Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Mortgages</font>. Promptly after
entering into a Lease with respect to each Additional Digester, the
Company shall, at the Company&#x2019;s sole cost and expense,
promptly execute and deliver to the Agent a first priority Mortgage
in recordable form covering such Lease, the related leasehold
estate, all improvements on the leasehold estate and all
appurtenances thereto, together with the following documents, all
of which must be satisfactory in form and substance to the
Agent:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">an ALTA
mortgagee&#x2019;s title policy with respect to such
Mortgage;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">an
ALTA survey with respect to the real property covered by such
Mortgage, prepared and certified to the Agent by a surveyor
acceptable to the Agent;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">evidence
satisfactory to the Agent that the property covered by such
Mortgage is not in a flood zone;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">if
requested by the Agent, an environmental assessment of the real
property covered by such Mortgage prepared by an environmental
engineer reasonably acceptable to the Agent, and accompanied by
such reports, certificates, studies or data as the Agent may
reasonably require, which shall all be in form and substance
satisfactory to the Agent;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">an acknowledgement
and agreement in recordable form, in favor of the Agent, executed
by the lessor under such Lease and, if different from such lessor,
the owner and operator of the relevant dairy, with respect to such
Mortgage and such Lease;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">a
consent and nondisturbance agreement executed by each prior
mortgagee of the premises covered by the Lease; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">such
other information, documents, and certificates as may be reasonably
required by the Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Further Assurances</font>.&#xA0;&#xA0;
Promptly upon request by the Agent, the Company shall
(a)&#xA0;correct any defect or error that may be discovered in any
Transaction Document or in the execution, acknowledgment, filing or
recordation thereof, and (b) do, execute, acknowledge, deliver,
record, re-record, file, re-file, register and re-register any and
all such further acts, deeds, certificates, assurances and other
instruments as the Agent may require from time to time in order to
(i) carry out more effectively the purposes of the Transaction
Document, (ii) subject the Company&#x2019;s or any of its
Subsidiaries' properties, assets, rights or interests to the Liens
now or hereafter intended to be covered by any of the Collateral
Documents, (iii) perfect and maintain the validity, effectiveness
and priority of any of the Collateral Documents and any of the
Liens intended to be created thereunder and (iv) assure, convey,
grant, assign, transfer, preserve, protect and confirm more
effectively unto the Secured Parties the rights granted or now or
hereafter intended to be granted to the Secured Parties under any
Transaction Document or under any other instrument executed in
connection with any Transaction Document to which the Company or
any of its Subsidiaries is or is to be a party, and cause each of
its Subsidiaries to do so.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Obligations Secured by
Collateral</font>. Notwithstanding anything to the contrary
contained in the Collateral Documents, the aggregate amount of the
Obligations secured by the Collateral shall be limited to an amount
equal to the sum of (i) $30,000,000, plus (ii) all interest, fees,
charges, expenses, reimbursement obligations and indemnification
obligations of the Company under the Transaction Documents, whether
absolute or contingent, due or to become due, or now existing or
hereafter arising or incurred, including, without limitation, all
fees, charges and disbursements of counsel to the Agent or to any
other Secured Party that are required to be paid by the Company
pursuant to any Transaction Document. Nothing contained in this
Section 6.17(d) shall limit or affect the absolute and
unconditional obligation of the Company to pay and perform when due
all of the Obligations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">As-Built Surveys</font>. Within thirty
(30) after the completion of construction of each Digester, the
Company, at the Company&#x2019;s sole cost and expense, shall
deliver to the Agent a final &#x201C;as-built&#x201D; survey of such
Digester, certified to the Agent and the relevant title insurance
company, showing the completed Digester, which survey shall be in
form and substance satisfactory to the Agent and the title
insurance company, and shall disclose no easements, rights-of-way
or other encumbrances, except for those that are acceptable to the
Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
6.18</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Post-Closing
Obligations</font><font style="font-family: Times New Roman; font-size: 13px">. The Company
agrees that it will timely perform all of its covenants and
agreements contained on <font style="text-decoration: underline">Annex IV</font> hereto. Any failure by
the Company to timely perform any of its covenants on <font style="text-decoration: underline">Annex IV</font> shall constitute an
immediate Trigger Event.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE VII.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
TRIGGER EVENTS AND REMEDIES</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
7.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Trigger
Events</font><font style="font-family: Times New Roman; font-size: 13px">. The term
&#x201C;<font style="font-weight: bold">Trigger Event</font>&#x201D;
means, wherever used herein any of the following events (whatever
the reason for such event and whether such event shall be voluntary
or involuntary or effected by operation of law or pursuant to any
judgment, decree or order of any court, or any order, rule or
regulation of any administrative or governmental
body):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Non-Payment</font>. The Company fails
to (i) redeem any of the Series A Preferred Units on the applicable
Redemption Date in accordance with this Agreement, or (ii) pay when
due, any interest or fee due hereunder, or (iii) pay when due any
other amount payable hereunder or under any other Transaction
Document; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Covenants</font>. The Company fails to
perform or observe any term, covenant or agreement contained in any
of the Transaction Documents; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Other Defaults</font>. The Company
ceases to carry on its business in the ordinary course, except
where such cessation occurs in connection with a sale of all or
substantially all of the assets of the Company, or a restructuring
or reorganization of the Company, which has been approved in
writing by the Agent; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Representations and Warranties</font>.
Any representation, warranty, certification or statement of fact
made or deemed made by or on behalf of the Company herein, in any
other Transaction Document, or in any document delivered in
connection herewith or therewith shall be incorrect or misleading
in any material respect when made or deemed made; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Cross-Default</font>. (i) The Company
(A) fails to make any payment when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Indebtedness or Guarantee having an aggregate
principal amount of more than $100,000, or (B)&#xA0;fails to
observe or perform any other agreement or condition relating to any
such Indebtedness or Guarantee or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other
event occurs, the effect of which default or other event is to
cause, or to permit the holder or holders of such Indebtedness or
the beneficiary or beneficiaries of such Guarantee (or a trustee or
agent on behalf of such holder or holders or beneficiary or
beneficiaries) to cause, with the giving of notice if required,
such Indebtedness to be demanded or to become due or to be
repurchased, prepaid, defeased or redeemed (automatically or
otherwise), or an offer to repurchase, prepay, defease or redeem
such Indebtedness to be made, prior to its stated maturity, or such
Guarantee to become payable or cash collateral in respect thereof
to be demanded; or (ii) there occurs under any Swap Contract an
Early Termination Date (as defined in such Swap Contract) resulting
from (A)&#xA0;any event of default under such Swap Contract as to
which the Company or any Subsidiary thereof is the Defaulting Party
(as defined in such Swap Contract) or (B) any Termination Event (as
so defined) under such Swap Contract as to which the Company is an
Affected Party (as so defined) and, in either event, the Swap
Termination Value owed by the Company as a result thereof is
greater than $100,000; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Insolvency Proceedings, Etc</font>.
The Company institutes or consents to the institution of any
proceeding under any Debtor Relief Law, or makes an assignment for
the benefit of creditors; or applies for or consents to the
appointment of any receiver, trustee, custodian, conservator,
liquidator, rehabilitator or similar officer for it or for all or
any material part of its property; or any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar
officer is appointed without the application or consent of such
Person and the appointment continues undischarged or unstayed for
sixty (60) calendar days; or any proceeding under any Debtor Relief
Law relating to any such Person or to all or any material part of
its property is instituted without the consent of such Person and
continues undismissed or unstayed for sixty (60) calendar days, or
an order for relief is entered in any such proceeding;
or</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Inability to Pay Debts;
Attachment</font>. (i) The Company becomes insolvent or unable or
admits in writing its inability or fails generally to pay its debts
as they become due, or (ii) any writ or warrant of attachment or
execution or similar process is issued or levied against all or any
material part of the property of any such Person and is not
released, vacated or fully bonded within thirty (30) days after its
issue or levy; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Judgments</font>. There is entered
against the Company (i)&#xA0;one or more final judgments or orders
for the payment of money in an aggregate amount (as to all such
judgments and orders) exceeding $100,000 (to the extent not covered
by independent third-party insurance as to which the insurer is
rated at least &#x201C;A&#x201D; by A.M. Best Company, has been
notified of the potential claim and does not dispute coverage), or
(ii) any one or more non-monetary final judgments that have, or
could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect and, in either case,
(A)&#xA0;enforcement proceedings are commenced by any creditor upon
such judgment or order, or (B) there is a period of ten
<font style="color: #000000">(10)</font> consecutive days during
which a stay of enforcement of such judgment, by reason of a
pending appeal or otherwise, is not in effect; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">ERISA</font>. (i) An ERISA Event
occurs with respect to a Pension Plan or Multiemployer Plan which
has resulted or could reasonably be expected to result in liability
of the Company under Title&#xA0;IV of ERISA to the Pension Plan,
Multiemployer Plan or the PBGC in an aggregate amount in excess of
$100,000, or (ii) the Company or any ERISA Affiliate fails to pay
when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under
Section 4201 of ERISA under a Multiemployer Plan in an aggregate
amount in excess of $100,000; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Invalidity of Transaction
Documents</font>. Any provision of any Transaction Document, at any
time after its execution and delivery and for any reason other than
as expressly permitted hereunder or thereunder or satisfaction in
full of all the Obligations, ceases to be in full force and effect;
or the Company or any other Person contests in any manner the
validity or enforceability of any provision of any Transaction
Document; or the Company or any Affiliate of the Company denies
that it has any or further liability or obligation under any
provision of any Transaction Document, or purports to revoke,
terminate or rescind any provision of any Transaction Document;
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Change of Control</font>. There occurs
any Change of Control; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Collateral Documents</font>. Any of
the Collateral Documents shall cease, for any reason, to be in full
force and effect, or the Company or any Affiliate of the Company
shall so assert, or any Lien created by any of the Collateral
Documents shall cease to be enforceable and of the same effect and
priority purported to be created thereby; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Project Contracts</font>. The Company
shall fail to perform or observe any term, covenant or agreement
contained in any Project Contract on its part to be performed or
observed where such failure could reasonably be expected to have a
Material Adverse Effect; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Material Adverse Effect</font>. There
shall occur any event, condition or development that could, in the
sole opinion of the Agent, reasonably be expected to have a
Material Adverse Effect; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Note Purchase Agreement</font>. A
default or event of default shall occur under the Note Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
7.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Redemption
and other Remedies upon Trigger Event</font><font style="font-family: Times New Roman; font-size: 13px">. If any Trigger
Event occurs and is continuing, the Agent, at its option, may take
any or all of the following actions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">49</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">terminate any
obligation of the Purchaser to purchase Series A Preferred Units
under this Agreement or otherwise;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">increase the
percentage in <font style="text-decoration: underline">Section
6.9(a)</font> from seventy-five percent (75%) to one hundred
percent (100%);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">increase the total
number of Common Units into which Preferred Units may be converted
from 1,200,000 Common Units to 5,000,000 Common Units;
and/or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">exercise any and
all rights and remedies available to it and the Purchaser under the
Transaction Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
7.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Mandatory
Redemption on Bankruptcy Trigger Event</font><font style="font-family: Times New Roman; font-size: 13px">. Notwithstanding
anything to the contrary herein, and notwithstanding any conversion
that is then required or in process, upon any Bankruptcy Trigger
Event occurring prior to or following the Final Redemption Date,
the Company shall immediately redeem, in cash, each of the Series A
Preferred Units then outstanding at a redemption price equal to the
Final Redemption Price plus any all liquidated damages and other
costs, expenses or amounts due in respect of the Series A Preferred
Units or otherwise owing under this Agreement, without the
requirement for any notice or demand or other action by the Agent
or any other Person, provided that the Agent may, in its sole
discretion, waive such right to receive payment upon a Bankruptcy
Trigger Event, in whole or in part, and any such waiver shall not
affect any other rights of the Agent or any Unitholder hereunder,
including any other rights in respect of such Bankruptcy Trigger
Event, any right to conversion, and any right to payment of such
amounts, as applicable.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
7.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Application
of Funds</font><font style="font-family: Times New Roman; font-size: 13px">. After the
exercise of remedies provided for in <font style="text-decoration: underline">Section 7.2</font>, any amounts
received on account of the Obligations shall be applied by the
Agent in the following order (or as otherwise determined by the
Agent in its sole discretion):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">First</font>, to payment of that
portion of the Obligations constituting fees, indemnities, expenses
and other amounts (including fees, charges and disbursements of
counsel to the Agent) payable to the Agent in its capacity as
such;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Second</font>, to payment of all other
Obligations in such order and manner as the Agent may elect in its
sole discretion; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Last</font>, the balance, if any,
after all of the Obligations have been indefeasibly paid in full,
to the Company or as otherwise required by Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE VIII.&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
MISCELLANEOUS</font><br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Survival
of Warranties</font><font style="font-family: Times New Roman; font-size: 13px">. Unless otherwise
set forth in this Agreement, the representations and warranties of
the Company and the Purchaser contained in or made pursuant to this
Agreement shall survive the execution and delivery of this
Agreement and each Closing and shall in no way be affected by any
investigation or knowledge of the subject matter thereof made by or
on behalf of the Purchaser or the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">50</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">Successors
and Assigns</font><font style="font-family: Times New Roman; font-size: 13px">. The terms and
conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties,
provided that the Company shall not assign any of its rights or
obligations under this Agreement. Nothing in this Agreement,
express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any
rights, remedies, obligations or&#xA0;liabilities under or by
reason of this Agreement, except as expressly provided in this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">Governing
Law</font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
shall be governed by, construed and enforced in accordance with the
laws of the State of Delaware.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Counterparts</font><font style="font-family: Times New Roman; font-size: 13px">.
This Agreement may be executed in two (2) or more counterparts,
each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Counterparts
may be delivered via facsimile, electronic mail (including pdf) or
other transmission method and any counterpart so delivered shall be
deemed to have been duly and validly delivered and be valid and
effective for all purposes.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">Titles
and Subtitles</font><font style="font-family: Times New Roman; font-size: 13px">. The titles and
subtitles used in this Agreement are used for convenience only and
are not to be considered in construing or interpreting this
Agreement.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref444621586"><!--anchor--></a><font style="text-decoration: underline; background-color: #FFFFFF">Notices</font></font><font style="font-family: Times New Roman; font-size: 13px">.
All notices and other communications given or made pursuant to this
Agreement shall be in writing and shall be deemed effectively given
upon the earlier of actual receipt, or (a) personal delivery to the
party to be notified, (b) when sent, if sent by electronic mail or
facsimile during normal business hours of the recipient, and if not
sent during normal business hours, then on the recipient&#x2019;s
next business day, (c) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage
prepaid, or (d) one (1) business day after deposit with a
nationally recognized overnight courier, freight prepaid,
specifying next business day delivery, with written verification of
receipt. All communications shall be sent to the respective parties
at their address as set forth on the signature pages hereto, or to
such e-mail address, facsimile number or address as subsequently
modified by written notice given in accordance with this
<font style="text-decoration: underline">Section
8.6</font>.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">No
Finder&#x2019;s Fees</font><font style="font-family: Times New Roman; font-size: 13px">. Each party
represents that it neither is nor will be obligated for any
finder&#x2019;s fee or commission in connection with this Agreement.
The Purchaser agrees to indemnify and to hold harmless the Company
from any liability for any commission or compensation in the nature
of a finder&#x2019;s or broker&#x2019;s fee arising out of the
Transaction (and&#xA0;the costs and expenses of defending against
such liability or asserted liability) for which the Purchaser or
any of its officers, employees or representatives is responsible.
The Company agrees to indemnify and hold harmless the Purchaser
from any liability for any commission or compensation in&#xA0;the
nature of a finder&#x2019;s or broker&#x2019;s fee arising out of the
Transaction (and the costs and expenses of defending against such
liability or asserted liability) for which the Company or any of
its officers, employees or representatives
is&#xA0;responsible.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">51</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Fees
and Expenses; Taxes; Indemnification</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Whether or not any
Closing occurs, the Company shall pay on demand (i) all expenses
incurred by the Agent, the Purchaser and their respective
Affiliates, including the reasonable fees, charges and
disbursements of counsel (including local counsel) for the Agent,
in connection with the preparation, negotiation, execution,
delivery and administration of the Transaction Documents or any
amendments, modifications or waivers of the provisions of the
Transaction Documents (whether or not the transactions contemplated
hereby or thereby shall be consummated), and (ii) all expenses
incurred by the Agent, the Purchaser and their respective
Affiliates, including the fees, charges and disbursements of any
counsel (including local counsel) for the Agent, the Purchaser, and
their respective Affiliates in connection with the enforcement,
preservation or protection of their rights under or in connection
with the Transaction Documents, including all such expenses
incurred in connection with any Trigger Event or Potential Trigger
Event. Expenses being reimbursed by the Company under this Section
include, without limiting the generality of the foregoing, costs
and expenses incurred in connection with:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">appraisals, asset
valuations, and insurance reviews;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">field
examinations and Collateral audits;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">auditing,
monitoring and evaluating the Development of the
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">background
checks regarding senior management of the Company, as deemed
necessary or appropriate in the sole discretion of the
Agent;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Taxes, fees and
other charges for (A) Lien and title searches and title insurance,
(B) surveys of property encumbered by the Mortgages, (C)
environmental audits, and (D)&#xA0;recording the Mortgages, filing
financing statements and continuations, and other actions to
perfect, protect, and continue the Agent's Liens;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">sums
paid or incurred to take any action required of the Company under
the Transaction Documents that the Company fails to pay or take;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">retaining
engineers, auditors, accountants, consultants, valuation experts,
and other advisors.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All Units issued
hereunder by the Company shall be duly and validly issued, fully
paid and nonassessable, free and clear of all Taxes, Liens, and
charges with respect to the issuance thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All transfer,
documentary, sales, use, stamp, registration and other such Taxes,
and all conveyance fees, recording charges and other fees and
charges (including any penalties and interest) incurred in
connection with consummation of the transactions contemplated by
this Agreement shall be paid by the Company when due, and the
Company will, at its own expense, file all necessary Tax Returns
and other documentation with respect to all such Taxes, fees and
charges, and, if required by applicable Law, the Investor will, and
will cause their Affiliates to, join in the execution of any such
Tax Returns and other documentation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">52</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
indemnify the Agent (and any sub-agent thereof) and the Purchaser
and each Related Party of any of the foregoing Persons (each such
Person being called an &#x201C;<font style="font-weight: bold">Indemnitee</font>&#x201D;) against, and hold
each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee) incurred by any
Indemnitee or asserted against any Indemnitee by any third party or
by the Company or any Affiliate of the Company arising out of, in
connection with, or as a result of (i) the execution or delivery of
this Agreement, any other Transaction Document or any agreement or
instrument contemplated hereby or thereby, the performance by the
parties hereto of their respective obligations hereunder or
thereunder or the consummation of the transactions contemplated
hereby or thereby, or, in the case of the Agent (and any sub-agent
thereof) and its Related Parties only, the administration of this
Agreement and the other Transaction Documents, (ii) any Purchase or
the use or proposed use of the proceeds therefrom, (iii) any actual
or alleged presence or release of Hazardous Substance on or from
any property owned or operated by the Company or any of its
Subsidiaries, or any environmental liability related in any way to
the Company or any of its Subsidiaries, (iv) the Development of the
Project, or (v)&#xA0;any actual or prospective Action relating to
any of the foregoing, whether based on contract, tort or any other
theory, whether brought by a third party or by the Company or any
or any of the Company&#x2019;s Affiliates, managers, directors,
members, shareholders or creditors, and regardless of whether any
Indemnitee is a party thereto; <font style="text-decoration: underline">provided</font> that such indemnity
shall not, as to any Indemnitee, be available to the extent that
such losses, claims, damages, liabilities or related expenses are
determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence
or willful misconduct of such Indemnitee. No Indemnitee shall be
liable for any damages arising from the use by unintended
recipients of any information or other materials distributed by it
through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other
Transaction Documents or the transactions contemplated hereby or
thereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">To the fullest
extent permitted by applicable law, the Company shall not assert,
and hereby waives, any claim against any Indemnitee, on any theory
of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other
Transaction Document or any agreement or instrument contemplated
hereby, the transactions contemplated hereby or thereby, any
Purchase or the use of the proceeds thereof. No Indemnitee referred
to in subsection (d) above shall be liable for any damages arising
from the use by unintended recipients of any information or other
materials distributed to such unintended recipients by such
Indemnitee through telecommunications, electronic or other
information transmission systems in connection with this Agreement
or the other Transaction Documents or the transactions contemplated
hereby or thereby other than for direct or actual damages resulting
from the gross negligence or willful misconduct of such Indemnitee
as determined by a final and nonappealable judgment of a court of
competent jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The provisions of
this Section shall survive any termination of this Agreement and
any redemption of the Series A Preferred Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All amounts due
under this Section shall be payable not later than ten (10) days
after demand therefor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Time
of the Essence</font><font style="font-family: Times New Roman; font-size: 13px">. Time is of the
essence of this Agreement and the other Transaction
Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">53</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Amendments
and Waivers</font><font style="font-family: Times New Roman; font-size: 13px">. Any term of this
Agreement may be amended, terminated or waived only with the
written consent of the Company, the Agent and the holders of all of
the then outstanding Series A Preferred Units. Any amendment or
waiver effected in accordance with this <font style="text-decoration: underline">Section 8.10</font> shall be binding
upon the Purchaser and each transferee of the Series A Preferred
Units (or the Common Units issuable upon conversion thereof), each
future holder of all such Units, the Agent and the
Company.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Severability</font><font style="font-family: Times New Roman; font-size: 13px">.
The invalidity or unenforceability of any provision hereof shall in
no way affect the validity or enforceability of any other
provision.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Delays
or Omissions; Independence of Covenants</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">No delay or
omission to exercise any right, power or remedy accruing to any
party under this Agreement, upon any breach or default of any other
party under this Agreement, shall impair any such right, power or
remedy of such non-breaching or non-defaulting party nor shall it
be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default
thereafter occurring; nor shall any waiver of any single breach or
default be deemed a waiver of any other breach or default
theretofore or thereafter occurring. Any waiver, permit, consent or
approval of any kind or character on the part of any party of any
breach or default under this Agreement, or any waiver on the part
of any party of any provisions or conditions of this Agreement,
must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under
this Agreement or by Law or otherwise afforded to any party, shall
be cumulative and not alternative.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All covenants of
the Company hereunder shall be given independent effect so that if
a particular action or condition is not permitted by any of such
covenants, the fact that it would be permitted by an exception to,
or would otherwise be within the limitations of, another covenant
shall not avoid the occurrence of a Trigger Event or a Potential
Trigger Event if such action is taken or condition
exists.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Entire
Agreement</font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
(including the Exhibits and Annexes hereto), the Company Agreement
and the other Transaction Documents constitute the full and entire
understanding and agreement between the parties with respect to the
subject matter hereof, and any other written or oral agreement
relating to the subject matter hereof existing between the parties
are expressly canceled.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Corporate
Securities Law</font><font style="font-family: Times New Roman; font-size: 13px">. THE SALE OF THE
SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN
QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF
CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR
RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO THE
QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT
FROM&#xA0;THE QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE
CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS
AGREEMENT ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION BEING
OBTAINED UNLESS THE SALE IS SO EXEMPT.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">54</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Termination
of Closing Obligations</font><font style="font-family: Times New Roman; font-size: 13px">. The Purchaser
shall have the right to terminate its obligation to complete any
Closing, if prior to the occurrence thereof, any of the following
occurs:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Company
consummates a Deemed Liquidation Event; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">a Trigger Event or
Potential Trigger Event exists.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Submission
to Jurisdiction; Jury Trial Waiver</font><font style="font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">THE VALIDITY,
INTERPRETATION, CONSTRUCTION AND PERFORMANCE OF THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
SUBSTANTIVE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO
THE PRINCIPLES OF CONFLICT OF LAWS OF SUCH STATE. THE COMPANY AND
MEMBERS EACH HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF THE
CHANCERY COURT OF THE STATE OF DELAWARE FOR ALL PURPOSES IN
CONNECTION WITH ANY ACTION OR PROCEEDING WHICH ARISES OUT OF OR
RELATES TO THIS AGREEMENT AND AGREE THAT ANY ACTION INSTITUTED
UNDER THIS AGREEMENT SHALL BE BROUGHT ONLY IN THE CHANCERY COURT OF
THE STATE OF DELAWARE. IN THE EVENT OF A DIRECT CONFLICT BETWEEN
THE PROVISIONS OF THIS AGREEMENT AND ANY PROVISION OF THE
CERTIFICATE OF FORMATION OR ANY MANDATORY PROVISION OF THE DELAWARE
ACT, THE APPLICABLE PROVISION OF THE CERTIFICATE OF FORMATION OR
THE DELAWARE ACT SHALL CONTROL.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">EACH PARTY HEREBY
WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING OUT OF THIS AGREEMENT, THE OTHER TRANSACTION
DOCUMENTS, THE PURCHASED UNITS OR THE SUBJECT MATTER HEREOF OR
THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE
ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY
COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION,
INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS
(INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON
LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY
EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT
TO ANY EXCEPTIONS. EACH PARTY HERETO HEREBY FURTHER WARRANTS AND
REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS
JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
COUNSEL.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">55</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">No
Commitment for Additional Financing</font><font style="font-family: Times New Roman; font-size: 13px">. The Company
acknowledges and agrees that the Agent and the Purchaser have not
made any representation, undertaking, commitment or agreement to
provide or assist the Company in obtaining any financing,
investment or other assistance, other than the purchase of the
Series A Preferred Units by the Purchaser as set forth herein and
subject to the conditions set forth herein. In addition, the
Company acknowledges and agrees that (i)&#xA0;no statements,
whether written or oral, made by the Agent or the Purchaser or
their representatives on or after the date of this Agreement shall
create an obligation, commitment or agreement to provide or assist
the Company in obtaining any financing or investment, (ii)&#xA0;the
Company shall not rely on any such statement by the Agent or the
Purchaser or their representatives, and (iii) an obligation,
commitment or agreement to provide or assist the Company in
obtaining any financing or investment may only be created by a
written agreement, signed by the Purchaser and the Company, setting
forth the terms and conditions of such financing or investment and
stating that the parties intend for such writing to be a binding
obligation or agreement. The Purchaser shall have the right, in its
sole and absolute discretion, to refuse or decline to participate
in any other financing of or investment in the Company, and shall
have no obligation to assist or cooperate with the Company in
obtaining any financing, investment or other
assistance.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.18</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Press
Releases and Announcements</font><font style="font-family: Times New Roman; font-size: 13px">. The Company may
issue a press release or otherwise make public statements related
to this Agreement that are consistent with past practice;
<font style="text-decoration: underline">provided</font>,
<font style="text-decoration: underline">however</font>, that the
Company shall not disclose in such press release or other public
statement the identity of the Agent or any Purchaser without prior
written consent of the Agent or the Purchaser.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.19</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Replacement
of Certificates</font><font style="font-family: Times New Roman; font-size: 13px">. If any
certificate or instrument evidencing any of the Series A Preferred
Units, or any of the Common Units resulting for a conversion of
Series A Preferred Units, is mutilated, lost, stolen or destroyed,
the Company shall issue or cause to be issued in exchange and
substitution for and upon cancellation thereof (in the case of
mutilation), or in lieu of and substitution therefor, a new
certificate or instrument, but only upon receipt of evidence
reasonably satisfactory to the Company of such loss, theft or
destruction.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.20</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Remedies</font><font style="font-family: Times New Roman; font-size: 13px">.
In addition to being entitled to exercise all rights provided
herein or granted by Law, including recovery of damages, each of
the Company, the Purchaser and the Agent will be entitled to
specific performance under the Transaction Documents. The parties
agree that monetary damages may not be adequate compensation for
any loss incurred by reason of any breach of obligations contained
in the Transaction Documents and hereby agree to waive and not to
assert in any action for specific performance of any such
obligation the defense that a remedy at Law would be
adequate.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">56</font></div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.21</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">No
Advisory or Fiduciary Responsibility</font><font style="font-family: Times New Roman; font-size: 13px">. In connection
with all aspects of the Transaction (including in connection with
any amendment, waiver or other modification of this Agreement or of
any other Transaction Document), the Company acknowledges and
agrees that: (i) (A) the services regarding this Agreement provided
by the Agent and the Purchaser are arm&#x2019;s-length commercial
transactions between the Company and its Affiliates, on the one
hand, and the Agent, the Purchaser and their respective Affiliates,
on the other hand, (B) the Company has consulted its own legal,
accounting, regulatory and tax advisors to the extent it has deemed
appropriate, and (C) the Company is capable of evaluating, and
understands and accepts, the terms, risks and conditions of the
Transaction; (ii)&#xA0;(A) the Agent and the Purchaser and each of
their respective Affiliates is and has been acting solely as a
principal and has not been, is not, and will not be acting as an
advisor, agent or fiduciary for the Company or any of its
Affiliates, or any other Person and (B) neither the Agent, the
Purchaser nor any of their respective Affiliates has any obligation
to the Company or any of its Affiliates with respect to the
Transaction except, in the case of the Agent and the Purchaser,
those obligations expressly set forth herein and in the other
Transaction Documents; and (iii) the Agent and the Purchaser and
their respective Affiliates may be engaged in a broad range of
transactions that involve interests that differ from those of the
Company and its Affiliates, and neither the Agent, the Purchaser
nor any of their respective Affiliates has any obligation to
disclose any of such interests to the Company or its Affiliates. To
the fullest extent permitted by law, the Company hereby waives and
releases any claims that it may have against the Agent, the
Purchaser and their respective Affiliates with respect to any
breach or alleged breach of agency or fiduciary duty in connection
with any aspect of any Transaction.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.22</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Payments
Set Aside</font><font style="font-family: Times New Roman; font-size: 13px">. To the extent
that the Company makes a payment or payments to the Agent, or the
Agent enforces any Lien or exercise its right of setoff, and such
payment or payments or the proceeds of such enforcement or setoff
or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside and/or required to be repaid
to a trustee, receiver or any other Person under any bankruptcy
law, any other state or federal law, common law or any equitable
cause, then, to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied, and all Liens, rights
and remedies therefor or related thereto, shall be revived and
continued in full force and effect as if such payment or payments
had not been made or such enforcement or setoff had not
occurred.</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.23</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Payments
Generally</font><font style="font-family: Times New Roman; font-size: 13px">. All payments to
be made by the Company under this Agreement and the Collateral
Documents shall be made without condition or deduction for any
counterclaim, defense, recoupment or setoff. Except as otherwise
expressly provided herein, all payments by the Company hereunder
and under the Collateral Documents shall be made to the
Agent&#x2019;s Account, for the account of the Purchaser or other
Person to which such payment is owed, in Dollars and in immediately
available funds not later than 2:00 p.m. on the date specified
herein. All payments received by the Agent after 2:00 p.m. shall be
deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. If any payment
to be made by the Company shall come due on a day other than a
Business Day, payment shall be made on the next following Business
Day, and such extension of time shall be reflected on computing
interest or fees, as the case may be.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">57</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Section
8.24</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">Acknowledgments</font><font style="font-family: Times New Roman; font-size: 13px">.
The Company hereby represents, warrants and acknowledges
that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">it has been advised
by its own legal counsel in the negotiation, execution and delivery
of the Transaction Documents;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">it has made an
independent decision to enter into this Agreement and the other
Transaction Documents to which it is a party, without reliance on
any representation, warranty, covenant or undertaking by the Agent
or the Purchaser, whether written, oral or implicit, other than as
expressly set out in this Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">there are no
representations, warranties, covenants, undertakings or agreements
by the Agent or the Purchaser as to the Transaction Documents
except as expressly set out in this Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Condon Tobin Sladek
Thornton PLLC is counsel for the Agent only and is not counsel for
the Company or any of its Affiliates;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">should any Trigger
Event or Potential Trigger Event occur or exist, each of the Agent
and the Purchaser will determine in its discretion and for its own
reasons what remedies and actions it will or will not exercise or
take at that time;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">without limiting
any of the foregoing, the Company is not relying upon any
representation or covenant by the Agent or the Purchaser, or any
representative thereof, and no such representation or covenant has
been made, that the Agent or the Purchaser will, at the time of any
Trigger Event or Potential Trigger Event, or at any other time,
waive, negotiate, discuss, or take or refrain from taking any
action permitted under the Transaction Documents with respect to
any such Trigger Event or Potential Trigger Event or any other
provision of the Transaction Documents; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Agent and the
Purchaser have all relied upon the truthfulness of the
acknowledgments in this Section in deciding to enter into this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
[Signature Pages Follow]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">58</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the parties have executed this Series A Preferred
Unit Purchase Agreement as of the date first written
above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; margin: 0 auto;width: 100%;; font-family: inherit; font-size: inherit">
<tr>
<td style="width: 50%">
<div><font>&#xA0;</font></div>
</td>
<td style="width: 50%">
<div><font>&#xA0;</font>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">COMPANY:</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">AEMETIS
BIOGAS LLC</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">/s/ Eric
McAfee</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font><font style="font-family: Times New Roman; font-size: 13px;">Name:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Eric McAfee</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(print)</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font><font style="font-family: Times New Roman; font-size: 13px;">Title:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
President</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Address:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">20400 Stevens Creek Blvd Suite
700</font>&#xA0;<br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Cupertino, CA
95014</font></font><br></font></div>
</div>
</td>
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</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Signature
Page to</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Series
A Preferred Unit Purchase Agreement</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; margin: 0 auto;width: 100%;; font-family: inherit; font-size: inherit">
<tr>
<td style="width: 50%">
<div><font>&#xA0;</font></div>
</td>
<td style="width: 50%">
<div><font><font style="font-family: Times New Roman; font-size: 13px">PURCHASER:</font></font>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PROTAIR-X
AMERICAS, INC.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<div style="display: table-row">
<div style="display: table-cell; width: 288px"><font style="font-family: Times New Roman; font-size: 13px">By: <font style="text-decoration: underline">/s/ Dev
Bhangui</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Dev
Bhangui</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">President</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Address:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Brookfield Place,
TD Canada Trust Tower</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">3930
&#x2013; 161 Bay Street</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Toronto,
ON M5J 2S1</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Canada</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Email
<font style="text-decoration: underline; color: #0000FF">dev@thirdeyecapital.com</font></font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:
416-981-3393</font></div>
</div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Signature
Page to</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Series
A Preferred Unit Purchase Agreement</font></div>
</div>
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</div>
</div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; margin: 0 auto;width: 100%;; font-family: inherit; font-size: inherit">
<tr>
<td style="width: 50%">
<div><font>&#xA0;</font></div>
</td>
<td style="width: 50%">
<div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">AGENT:</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">THIRD
EYE CAPITAL CORPORATION,</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">as
Agent</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">/s/ Arif N.
Bhalwani</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font><font style="font-family: Times New Roman; font-size: 13px;">Name:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Arif N. Bhalwani</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(print)</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font><font style="font-family: Times New Roman; font-size: 13px;">Title:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Managing Director</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Address:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">3930
&#x2013; 161 Bay Street</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Toronto,
ON M5J 2S1</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Canada</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Email
<font style="text-decoration: underline; color: #0000FF">ops@thirdeyecapital.com</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile:
416-981-3393</font></div>
</div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 312px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>amtx_ex102.htm
<DESCRIPTION>AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF AEMETIS BIOGAS LLC, DATED AS OF DECEMBER 19, 2018
<TEXT>
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<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
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<title>Blueprint</title>
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<font style="font-family: Times New Roman; font-size: 13px">Exhibit
10.2</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</font></div>
<br>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AMENDED AND RESTATED</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">LIMITED
LIABLITY COMPANY AGREEMENT</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
OF<br></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">AEMETIS BIOGAS
LLC</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
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<tr>
<td style="vertical-align: top; width: 100%; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">THE
UNITS ISSUED PURSUANT TO THIS AMENDED AND RESTATED LIMITED
LIABILITY COMPANY AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY OTHER APPLICABLE
SECURITIES LAWS. SUCH UNITS MAY NOT BE SOLD, TRANSFERRED, ASSIGNED,
PLEDGED OR OTHERWISE DISPOSED OF AT ANY TIME WITHOUT EFFECTIVE
REGISTRATION UNDER SUCH ACT AND LAWS OR AN EXEMPTION THEREFROM, AND
COMPLIANCE WITH THE OTHER RESTRICTIONS ON TRANSFERABILITY SET FORTH
HEREIN.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 18px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
TABLE OF CONTENTS</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<tr>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Page</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom;">
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<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE 1</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
CERTIFICATE OF FORMATION</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Formation of the Company</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Name of the Company</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Principal Executive Office</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
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<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Registered Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Purpose</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Term</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Fiscal Year</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No State Law Partnership</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.9</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Liability of Members</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">1.10</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Representations and Warranties</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE 2</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
CAPITAL CONTRIBUTIONS; UNITS; CAPITAL
ACCOUNTS</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Capital Contributions</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Authorized Units</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Unit Ownership Ledger</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Preference Payment</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Liquidation Preference</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Conversion</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Redemption of Series A Preferred Units</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Preemptive Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.9</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Capital Accounts</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">2.10</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Interest</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 3</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ALLOCATIONS OF PROFITS AND LOSSES</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Allocation of Profits and Losses</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Definitions of Profits and Losses</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
11</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Additional Definitions</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
11</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Special Allocations</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
12</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Allocation of Member Nonrecourse Deductions</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Capital Events</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Allocation of Losses</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Unrealized Appreciation and Depreciation</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.9</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Contributed Property</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.10</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Transferees</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.11</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Adjustment of Gross Asset Value</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">3.12</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Allocation of Tax Items</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<tr>
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<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 4</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
DISTRIBUTIONS</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
15</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">4.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Distributions</font></div>
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<td style="vertical-align: bottom; width: 10%;">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
15</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">4.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Limitation on Distributions on Common Units</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
15</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">4.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certain Taxes</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
15</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 5</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
MANAGEMENT</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
16</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
General Powers</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
16</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Composition</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
17</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Board Actions; Meetings</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
18</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Officers</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
18</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Actions Requiring Member Approval</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
19</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Budget</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
20</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Other Business Interests</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Assets in the Name of the Company</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">5.9</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Funds</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 6</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ACCOUNTS AND ACCOUNTING</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Records</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Accounting</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Additional Records</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
21</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Tax Information</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Partnership Representative</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">6.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Authorization of Partnership Representative</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 7</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
MEMBERSHIP&#x2014;MEETINGS AND VOTING</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Member Authority</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Voting</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Series A Preferred Unit Protective Provisions</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Meetings of Members</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
25</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Record Date</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
25</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Adjournment of Meeting of Members</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Attendance at Meeting; Proxies; etc</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Voting</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.9</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Telephonic and Video Meetings</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">7.10</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Written Action</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
26</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 8</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
UNITS; TRANSFERS</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
27</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Unit Certificates</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
27</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Restrictions on Transfers</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
28</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Expenses</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
28</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Transfers Generally; Substitute Members</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
29</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Closing Date</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
30</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Effect of Incapacity</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
30</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Appraisal Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
30</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">8.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Effect of Non-Compliance.</font></div>
</td>
<td style="vertical-align: bottom; width: 10%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
30</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 9</font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
DISSOLUTION AND WINDING UP</font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
31</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Events of Dissolution</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
31</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Procedure for Winding Up</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
31</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Accounting</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
31</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certificate of cancellation</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
31</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">9.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Recourse for Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
32</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
ARTICLE 10 CONFIDENTIALITY</font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
32</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">10.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Confidentiality</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
32</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 11</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 90%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
INDEMNIFICATION; EXCULPATION; FIDUCIARY
DUTIES<br></font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
33</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Indemnification</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
33</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Exculpation</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
33</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Competitive Activities</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Indemnification of Employees and Agents</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Appearance as a Witness</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Nonexclusivity of Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Insurance</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Savings Clause</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: #000000; font-family: Times New Roman; font-size: 13px"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font></font></font> 12 ATTORNEY-IN-FACT AND AGENT</font>
&#xA0;</font></font> <font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">&#xA0;
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">35</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Performance of Duties; No Liability of Members, Managers and
Officers</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 13</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
GENERAL PROVISIONS</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Notice</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Amendment and Waiver</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
36</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.3</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Effect of Waiver and Consent</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
36</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.4</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Entire Agreement</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
36</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.5</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Counterparts</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
36</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.6</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Governing Law</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
36</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.7</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Remedies.</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.8</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Public Announcements</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.9</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Further Assurances</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.10</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
severability</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.11</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Agency</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.12</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Headings</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.13</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Time of the Essence</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
37</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.14</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Third Party Beneficiaries</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.15</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Acknowledgement</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
34</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.16</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Interest in Specific Property</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13.17</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Attorneys&#x2019; Fees and Expenses</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr>
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
<font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
ARTICLE</font> 14</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td colspan="2" style="vertical-align: bottom; width: 90%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px; font-weight: bold;">
DEFINITIONS</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">
&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14.1</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Defined Terms</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
35</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 15%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">14.2</font></div>
</td>
<td style="vertical-align: bottom; width: 75%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Construction</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
45</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AMENDED AND RESTATED</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
LIMITED LIABILITY COMPANY AGREEMENT</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
OF</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AEMETIS BIOGAS LLC</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this
&#x201C;Agreement&#x201D;) of Aemetis Biogas LLC, a Delaware limited
liability company (the &#x201C;Company&#x201D;), is entered into
effective as of December 19, 2018 (the &#x201C;Effective
Date&#x201D;), by and among the Company, Aemetis, Inc., a Nevada
corporation (&#x201C;Aemetis&#x201D;), and Protair-X Americas, Inc.,
a Delaware corporation. Capitalized terms used but not otherwise
defined herein shall have the meanings assigned to such terms in
<font style="text-decoration: underline">Article
14</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
RECITALS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">A.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;On
February 27, 2018, Aemetis caused the Company to be formed as a
limited liability company in accordance with the California
Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">B.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Aemetis
is a party to that certain Operating Agreement of the Company dated
as of March 23, 2018 (the &#x201C;Original Operating
Agreement&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">C.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
anticipation of the admission of Investor as a new Member and
concurrent equity financing of the Company, the Company was
converted from a California limited liability company to a Delaware
limited liability company effective September 7, 2018.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">D.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Company and the Members desire to amend and restate the Original
Operating Agreement in its entirety and continue the operations of
the Company on the terms set forth herein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the
Members, intending to be legally bound, hereby amend and restate
the Original Operating Agreement and agree as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<a name="_Ref380571921">
<!--anchor--></a>ARTICLE&#xA0;1</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CERTIFICATE OF FORMATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Formation
of the Company</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company was originally formed as a California limited liability
company on February 27, 2018, by the filing of the Articles of
Organization in the office of the Secretary of State of the State
of California pursuant to the California Act. Effective September
7, 2018, the Company was converted to a Delaware limited liability
company by the filing of a Certificate of Conversion and the
Certificate of Formation with the Secretary of State of the State
of Delaware. The Original Operating Agreement is hereby amended and
restated in its entirety, and the Company is continued on the terms
set forth herein. Except as provided herein, the rights, duties and
liabilities of each Member will be as provided in the Delaware Act.
To the extent that the rights, powers, duties, obligations and
liabilities of any Member are different by reason of any provision
of this Agreement than they would be under the Delaware Act in the
absence of such provision, this Agreement shall, to the extent
permitted by the Delaware Act, control. A copy of the Certificate
of Formation of the Company, as in effect on the Effective Date, is
attached hereto as <font style="text-decoration: underline">Exhibit
1</font> (the &#x201C;Certificate of Formation&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Name
of the Company</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
name of the Company is Aemetis Biogas LLC. The Company may conduct
business in such name or such other names that comply with
applicable Law as the Board may select from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Principal
Executive Office</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
address of the Company&#x2019;s principal executive office is 20400
Stevens Creek Blvd, Suite 700, Cupertino, CA 95014, or any other
place or places determined by the Board from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Registered
Agent</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
address of the Company&#x2019;s registered office in the State of
Delaware is 850 New Burton Road, Suite 201, Dover, Delaware 19904.
The Company&#x2019;s registered agent at such address is National
Corporate Research, Ltd. The Board may from time to time change the
Company&#x2019;s agent for service of process in the State of
Delaware.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Purpose</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company may engage in any lawful act or activity for which a
limited liability company may be formed under the Delaware
Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Term</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
term of the Company commenced on February 27, 2018, the date the
Articles of Organization were filed with the office of the
Secretary of State of the State of California, and shall continue
until terminated by the provisions of this Agreement or as provided
by Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Fiscal
Year</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
fiscal year of the Company shall end on December 31 of each
calendar year unless, for United States federal income tax
purposes, another fiscal year is required. The Company shall have
the same fiscal year for United States federal income tax purposes
and for accounting purposes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">No
State Law Partnership</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
to the extent provided in the next sentence, the Members intend
that the Company shall not be a partnership (including, without
limitation, a limited partnership) or joint venture, and that no
Member or Officer shall be a partner or joint venturer of any other
Member or Officer, for any purposes, and this Agreement shall not
be construed to the contrary. Notwithstanding the foregoing, the
Members intend that the Company shall be treated as a partnership
for U.S. federal and, if applicable, state or local income tax
purposes, and that each Member and the Company shall file all tax
returns and shall otherwise take all tax and financial reporting
positions in a manner consistent with such treatment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">No
Liability of Members</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as expressly provided otherwise in this Agreement or in the
Delaware Act, no Member (absent a separate written agreement by
such Member to the contrary) shall be liable for any debts,
liabilities, contracts or obligations of the Company whatsoever.
The failure of the Company to observe any formalities or
requirements relating to the exercise of its powers under this
Agreement or the Delaware Act shall not be grounds for imposing
personal liability on any Member for the debts, obligations or
liabilities of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Representations
and Warranties</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
Member hereby represents and warrants to the Company and each other
Member that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Power
and Authority</font>. Such Member has full power and authority to
enter into this Agreement and to perform its obligations
hereunder;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">No
Conflicts</font>. The execution, delivery and performance of this
Agreement do not conflict with any other agreement or arrangement
to which such Member is a party or by which it or its assets are
bound;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Contributed
Property</font>. All property contributed to the Company by such
Member, and any property thereafter to be contributed to the
Company by such Member, has been or will be duly and lawfully
acquired;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Own
Account</font>. Such Member has acquired or is acquiring its Units
in the Company for investment purposes only for its own account and
not with a view to any distribution, reoffer, resale or other
disposition that is not in compliance with the Securities Act or
any applicable state securities Laws;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Expertise</font>.
Such Member alone, or together with its representatives, possesses
such expertise, knowledge and sophistication in financial and
business matters generally, and in the type of transactions in
which the Company proposes to engage in particular, that such
Member is capable of evaluating the merits and economic risks of
acquiring and holding Units, and that such Member is able to bear
all such economic risks now and in the future;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Awareness
of Economic Risk</font>. Such Member is aware that it must bear the
economic risk of such Member&#x2019;s investment in the Company for
an indefinite period of time because Units have not been registered
under the Securities Act or under the securities laws of any state,
and, therefore, such Units cannot be sold unless they are
subsequently registered under the Securities Act and any applicable
state securities laws or an exemption from registration is
available;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Transfer
Restrictions</font>. Such Member is aware that this Agreement
provides restrictions on the ability of a Member to Transfer Units,
and such Member will not seek to effect any Transfer other than in
accordance with such restrictions; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Accredited
Investor</font>. Such Member is, and at such time that it makes any
additional Capital Contributions to the Company, will be an
&#x201C;accredited investor&#x201D; within the meaning of Rule 501
under the Securities Act (an &#x201C;Accredited Investor&#x201D;)
unless such status as an Accredited Investor is not required in
order for the Transfer of Units to such Member to be exempt from
registration under the Securities Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;2</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CAPITAL CONTRIBUTIONS; UNITS; CAPITAL Accounts</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Capital
Contributions</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;On
the Effective Date, the Investor made Capital Contributions
pursuant to and in the amounts required by the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Prior
to the Effective Date, Aemetis made a Capital Contribution in the
amount set forth on the Unit Ownership Ledger (as defined
below).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;After
the Effective Date and with no further approvals required under
this Agreement, Investor may make additional Capital Contributions
in exchange for issuance of Series A Preferred Units in accordance
with, and subject to, the terms and conditions of the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;From
and after the Effective Date, no Member shall be required to make
any Capital Contributions, except as required by the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Authorized
Units</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Membership Interests shall be represented by issued and outstanding
Units, which may be divided into one or more types, classes or
series. Each type, class or series of Units shall have the
privileges, preference, duties, liabilities, obligations and
rights, including voting rights, if any, set forth in this
Agreement and the Purchase Agreement with respect to such type,
class or series.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Units of the Company shall consist of 6,000,000 Common Units,
6,000,000 Series A Preferred Units, and the Conversion Units. The
Company is authorized to issue 11,000,000 Common Units (which
includes the Conversion Units) and 6,000,000 Series A Preferred
Units. The Company has issued 6,000,000 Common Units to Aemetis.
Subject to the terms and conditions set forth in this Agreement and
in the Purchase Agreement, the Company has issued on the Initial
Closing Date (as defined in the Purchase Agreement) 1,660,000
Series A Preferred Units to the Investor. The rights, preferences,
privileges, and restrictions granted to or imposed upon the Common
Units are set forth below in this Agreement and in the Purchase
Agreement. The rights, preferences, privileges, and restrictions
granted to or imposed upon the Series A Preferred Units are
described in this Agreement and in the Purchase Agreement. Each
Member that is not a party to the Purchase Agreement consents in
all respects and for all purposes to the terms and conditions of
the Purchase Agreement, authorizes the Company to enter into and
perform its obligations under the Purchase Agreement, and agrees
that the Purchase Agreement is a binding obligation of the Company.
In the event of an inconsistency between the Purchase Agreement and
this Agreement, the Purchase Agreement shall control and
prevail.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
Members acknowledge and agree that the Capital Contributions set
forth on <font style="text-decoration: underline">Schedule A</font>
represent the amount of money and/or property contributed by the
Members to the Company as of the Effective Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Unit
Ownership Ledger</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company shall create and maintain a ledger (the &#x201C;Unit
Ownership Ledger&#x201D;), a copy of which as in effect on the
Effective Date is attached hereto as <font style="text-decoration: underline">Schedule A</font>, setting forth the
name and address of each Member, the number of each class of Units
held of record by each such Member, and the amount of the Capital
Contribution made (or deemed to be made) with respect to such
Units. Upon any change in the number or ownership of outstanding
Units (whether upon an issuance of Units, a Transfer of Units, a
cancellation of Units or otherwise), the Company shall amend and
update the Unit Ownership Ledger. Absent manifest error, the
ownership of Units recorded on the Unit Ownership Ledger shall be
conclusive record of the Units that have been issued and are
outstanding. Any reference in this Agreement to the Unit Ownership
Ledger shall be deemed a reference to the Unit Ownership Ledger as
amended and in effect from time to time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Preference
Payment</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Series A Preferred Units will accrue Preference Payments (as
defined in the Purchase Agreement), commencing on the second
anniversary of the Initial Closing Date, of $0.50 per Series A
Preferred Unit per calendar year, payable quarterly. Additional
terms and conditions with respect to Preference Payments by the
Company are contained in Section 6.3 of the Purchase Agreement and
are incorporated herein by reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Liquidation
Preference</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In the
event of any Liquidation (as defined in the Purchase Agreement),
the holders of Series A Preferred Units will be entitled to receive
in preference to all other Membership Interests an amount equal to
$15.00 per Series A Preferred Unit (&#x201C;Liquidation
Preference&#x201D;). Additional terms and conditions with respect to
the Liquidation Preference are contained in Section 6.4 of the
Purchase Agreement and are incorporated herein by
reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Conversion</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
holder of Series A Preferred Units shall have the right to convert
each of its Series A Preferred Units, at the option of such holder,
into one Common Unit; <font style="text-decoration: underline">provided</font>, that, the Common
Units resulting from such conversion shall have terms and
conditions identical to those of the Common Units held by Aemetis.
The total number of Common Units into which Series A Preferred
Units may be converted shall not exceed 1,200,000 Common Units or
5,000,000 Common Units in the event of a Trigger Event (as defined
in the Purchase Agreement), subject in each case to adjustment to
reflect dilutive events such as stock dividends, stock splits and
stock consolidations. Additional terms and conditions with respect
to the conversion of Series A Preferred Units into Common Units are
contained in Section 6.5 of the Purchase Agreement and are
incorporated herein by reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Redemption
of Series A Preferred Units</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company unconditionally and irrevocably agrees to redeem the Series
A Preferred Units in accordance with Section 6.9 of the Purchase
Agreement, which is incorporated herein by reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Preemptive
Rights</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
holders of the Series A Preferred Units shall have the preemptive
rights set forth in Section 6.10 of the Purchase Agreement, which
is incorporated herein by reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Capital
Accounts</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">An
individual Capital Account for each Member shall be maintained in
accordance with the requirements of Treasury Regulation
&#xA7;1.704-1(b)(2)(iv) and adjusted in accordance with the
following provisions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;A
Member&#x2019;s Capital Account shall be increased by that
Member&#x2019;s Capital Contributions, that Member&#x2019;s share of
Profits, and any items in the nature of income or gain that are
specially allocated to that Member under <font style="text-decoration: underline">Article&#xA0;3</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;A
Member&#x2019;s Capital Account shall be increased by the amount of
any Company liabilities assumed by that Member subject to and in
accordance with the provisions of Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(c).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;A
Member&#x2019;s Capital Account shall be decreased by (a) the amount
of cash distributed to that Member; (b) the Fair Market Value of
any property of the Company so distributed, net of liabilities
secured by the distributed property that the distributee Member is
considered to assume or to be subject to under Internal Revenue
Code &#xA7;752; and (c) the amount of any items in the nature of
expenses or losses that are specially allocated to that Member
under <font style="text-decoration: underline">Article&#xA0;3</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;A
Member&#x2019;s Capital Account shall be reduced by the
Member&#x2019;s share of any expenditures of the Company described
in Internal Revenue Code &#xA7;705(a)(2)(B) or that are treated as
IRC section 705(a)(2)(B) expenditures under Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(i) (including syndication expenses and
losses nondeductible under Internal Revenue Code &#xA7;267(a)(1) or
&#xA7;707(b)).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any Transferable Interest (or portion thereof) is Transferred, the
transferee of the Transferable Interest or portion shall succeed to
the transferor&#x2019;s Capital Account corresponding to the
interest or portion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
principal amount of a promissory note that is not readily traded on
an established securities market and that is contributed to the
Company by the maker of the note shall not be included in the
Capital Account of any Person until the Company makes a taxable
disposition of the note or until (and to the extent) principal
payments are made on the note, all in accordance with Treasury
Regulation &#xA7;1.704-1(b)(2)(iv)(d)(2).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Member&#x2019;s Capital Account shall be increased or decreased as
necessary to reflect a revaluation of the Company&#x2019;s property
assets in accordance with the requirements of Treasury Regulation
&#xA7;&#xA7;1.704-1(b)(2)(iv)(f) and 1.704-1(b)(2)(iv)(g),
including the special rules under Treasury Regulation
&#xA7;1.701-1(b)(4), as applicable. The provisions of this
Agreement respecting the maintenance of Capital Accounts are
intended to comply with Treasury Regulation &#xA7;1.704-1(b) and
shall be interpreted and applied in a manner consistent with those
Regulations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Series
A Preferred Unit Capital Accounts shall not exceed $15.00 per unit
plus any accrued but unpaid Preference Payments discussed in
Article 2.4 of this Operating Agreement and Section 6.3 of the
Series A Preferred Unit Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">2.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Interest</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
interest shall be paid on Capital Contributions or on the balance
of a Member&#x2019;s Capital Account except in the event that Series
A Preferred Units are required to be redeemed on any Redemption
Date and are not redeemed in accordance with the Series A Preferred
Unit Purchase Agreement, the Members Capital Account for the Series
A Preferred Units shall bear interest at a per annum rate equal to
ten percent (10%), compounded daily.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;3</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ALLOCATIONS OF PROFITS AND LOSSES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Allocation
of Profits and Losses</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Profits and Losses of the Company and items of Company income,
gain, loss, deduction, or credit shall be allocated as set forth in
<font style="text-decoration: underline">Exhibit 2</font> attached
to this Agreement.<font style="font-style: italic">&#xA0;</font>The
Profits and Losses of the Company and all items of Company income,
gain, loss, deduction, or credit shall be allocated, for Company
book purposes and for tax purposes, to each Member in accordance
with the allocation as set forth in Exhibit 2.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Definitions
of Profits and Losses</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">As used
in this Agreement, &#x201C;Profits and Losses&#x201D; means, for each
fiscal year or other period specified in this Agreement, an amount
equal to the Company&#x2019;s taxable income or loss for that year
or period, determined in accordance with Internal Revenue Code
&#xA7;703(a), including all Tax Items required to be stated
separately under Internal Revenue Code &#xA7;703(a)(1), with the
following adjustments:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Any
income of the Company that is exempt from federal income tax and
not otherwise taken into account in computing Profits or Losses
shall be added to taxable income or loss;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Any
expenditures of the Company described in Internal Revenue Code
&#xA7;705(a)(2)(B) or treated as Internal Revenue Code
&#xA7;705(a)(2)(B) expenditures under Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(i) and not otherwise taken into account in
computing Profits or Losses shall be subtracted from taxable income
or shall increase that loss; and, notwithstanding the foregoing
provisions of this <font style="text-decoration: underline">Section
3.1</font>, any items of income, gain, loss, or deduction that are
specially allocated shall not be taken into account in computing
Profits or Losses under <font style="text-decoration: underline">Section&#xA0;3.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Additional
Definitions</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
following definitions shall apply for purposes of this <font style="text-decoration: underline">Article&#xA0;3</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Adjusted
Capital Account Deficit&#x201D; means, with respect to any Member,
the deficit balance, if any, in the Member&#x2019;s Capital Account
as of the end of the relevant fiscal year of the Company, after the
Member&#x2019;s Capital Account has been adjusted as follows:
(1)&#xA0;increased by the amount of the Member&#x2019;s share of
Company Minimum Gain and Member Nonrecourse Debt Minimum Gain, and
(2) decreased by the amount of the items described in Treasury
Regulation &#xA7;1.704-1(b)(2)(ii)(d)(4)-(6).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
definition of Adjusted Capital Account Deficit is intended to
comply with the provisions of Treasury Regulation
&#xA7;1.704-1(b)(2)(ii)(d) and shall be interpreted consistently
with that Regulation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Company
Minimum Gain&#x201D; has the meaning set forth in Treasury
Regulation &#xA7;1.704-2(d)(1).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Member
Nonrecourse Debt&#x201D; is defined in Treasury Regulation
&#xA7;1.704-2(b)(4).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Member
Nonrecourse Debt Minimum Gain&#x201D; for a fiscal year of the
Company means the net increase in Minimum Gain attributable to
Member Nonrecourse Debt, determined as set forth in Treasury
Regulation &#xA7;1.704-2(i)(2).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Member
Nonrecourse Deductions&#x201D; has the meaning set forth in Treasury
Regulation &#xA7;1.704-2(i)(2). For any Company fiscal year, the
amount of Member Nonrecourse Deductions with respect to a Member
Nonrecourse Debt equals the net increase during that fiscal year in
Member Nonrecourse Debt Minimum Gain attributable to that Member
Nonrecourse Debt during that fiscal year, reduced (but not below
zero) by the amount of any distributions during that year to the
Member bearing the economic risk of loss for Member Nonrecourse
Debt if the distributions are both from the proceeds of the Member
Nonrecourse Debt and are allocable to an increase in Member
Nonrecourse Debt Minimum Gain attributable to the Member
Nonrecourse Debt, all as determined according to the provisions of
Treasury Regulation &#xA7;1.704-2(i)(2). In determining Member
Nonrecourse Deductions, the ordering rules of Treasury Regulation
&#xA7;1.704-2(j) shall be followed.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Nonrecourse
Deductions&#x201D; has the meaning set forth in Treasury Regulation
&#xA7;1.704-2(c). The amount of Nonrecourse Deductions for a
Company fiscal year equals the net increase in the amount of
Company Minimum Gain during that fiscal year, reduced (but not
below zero) by the aggregate amount of any distributions during
that fiscal year of proceeds of a Nonrecourse Liability that are
allocable to an increase in Company Minimum Gain.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;Nonrecourse
Liability&#x201D; has the meaning set forth in Treasury Regulation
&#xA7;1.752-1(a)(2).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Special
Allocations</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
following special allocations shall be made in the following
order:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Company
Minimum Gain Chargeback</font>. If there is a net decrease in
Company Minimum Gain during a fiscal year, each Member shall be
allocated, before any other allocation under this Section, items of
Company income and gain for the fiscal year equal to that
Member&#x2019;s share of the net decrease in Company Minimum Gain as
determined in accordance with Treasury Regulation
&#xA7;1.704-2(g)(2).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Member
Nonrecourse Debt Minimum Gain Chargeback</font>. If there is a net
decrease in Member Nonrecourse Debt Minimum Gain during a fiscal
year (as defined in the Regulations), any Member with a share of
the Member Nonrecourse Debt Minimum Gain attributable to that
Member&#x2019;s Nonrecourse Debt as of the beginning of the fiscal
year should be allocated items of Company income and gain for that
year (and, if necessary, subsequent years) equal to that
Member&#x2019;s share of the net decrease in Member Nonrecourse Debt
Minimum Gain. A Member&#x2019;s share of net decrease in Member
Nonrecourse Debt Minimum Gain shall be determined under Treasury
Regulation &#xA7;1.704-2(g)(2). A Member shall not be subject to
the foregoing chargeback to the extent permitted under Treasury
Regulation &#xA7;1.704-2(i)(4).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Qualified
Income Offset</font>. If any Member unexpectedly receives an
adjustment, allocation, or distribution described in Treasury
Regulation &#xA7;1.704-1(b)(2)(ii)(d)(4), (d)(5), or (d)(6), that
Member shall be allocated items of Company income and gain
(consisting of a pro rata portion of each item of Company income,
including gross income and gain for that fiscal year) in an amount
and manner sufficient to eliminate, to the extent required by the
Regulations, the Adjusted Capital Account Deficit of that Member as
quickly as possible; provided that an allocation under this
<font style="text-decoration: underline">Section 3.4(c)</font>
shall be made only if and to the extent that the Member would have
an Adjusted Capital Account Deficit after all other allocations
provided for in this Agreement have been made as if this
<font style="text-decoration: underline">Section 3.4(c)</font> were
not in the Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Gross
Income Allocation</font>. In the event any Member has a deficit
Capital Account at the end of any Company fiscal year in excess of
the sum of:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(1)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
amount the Member is obligated to restore under any provision of
this Agreement, and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(2)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
amount the Member is deemed to be obligated to restore under
Treasury Regulation &#xA7;1.704-2(g)(1), (i)(5), each such Member
shall be specially allocated items of Company income in the amount
of the excess as quickly as possible; except that an allocation
under this <font style="text-decoration: underline">Section
3.4(d)</font> shall be made only if and to the extent that the
Member would have a deficit Capital Account in excess of that sum
after all other allocations provided for in this <font style="text-decoration: underline">Article&#xA0;3</font> have been made
as if <font style="text-decoration: underline">Section
3.4(c)</font> and this <font style="text-decoration: underline">Section 3.4(d)</font> were not in the
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Member
Nonrecourse Deductions</font>. Any Member Nonrecourse Deductions
for any Company fiscal year shall be specially allocated to the
Member who bears the economic risk of loss with respect to the
Member Nonrecourse Debt to which those Member Nonrecourse
Deductions are attributable in accordance with Treasury Regulation
&#xA7;1.704-2(i)(1).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Nonrecourse
Deductions</font>. Nonrecourse Deductions for any fiscal year shall
be specially allocated in proportion to their respective
allocations of Profits for that fiscal year.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Section
754 Adjustments</font>. To the extent an adjustment to the adjusted
tax basis of any Company asset under Internal Revenue Code
&#xA7;734(b) or &#xA7;743(b) is required under Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(m)(2) or &#xA7;1.704-1(b)(2)(iv)(m)(4) to
be taken into account in determining Capital Accounts as the result
of a distribution to a Member in complete liquidation of the
Member&#x2019;s interest in the Company, the amount of the
adjustment to Capital Accounts shall be treated as an item of gain
(if the adjustment increases the basis of the asset) or loss (if
the adjustment decreases the basis), and the gain or loss shall be
specially allocated to the Members in accordance with their
interests in the Company in the event that Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(m)(2) applies, or to the Partner to whom
the distribution was made in the event that Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(m)(4) applies.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Allocation
of Member Nonrecourse Deductions</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Member
Nonrecourse Deductions for any fiscal year of the Company shall be
allocated to the Members in the same proportion as Profits are
allocated under <font style="text-decoration: underline">Section
3.1</font>, provided that any Member Nonrecourse Deductions for any
fiscal year or other period shall be allocated to the Member who
bears (or is deemed to bear) the economic risk of loss with respect
to the Member Nonrecourse Debt to which those Member Nonrecourse
Deductions are attributable in accordance with Treasury Regulation
&#xA7;1.704-2(i)(2).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Capital
Events</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In any
fiscal year of the Company, Profits in excess of Losses of the
Company resulting from a Capital Event for any fiscal year of the
Company shall be allocated to the Members in the same proportion as
Profits are allocated under <font style="text-decoration: underline">Section 3.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Allocation
of Losses</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In any
Company fiscal year, Losses in excess of Profits of the Company,
resulting from a Capital Event for any fiscal year of the Company
shall be allocated to the Members in the same proportion as Profits
are allocated under <font style="text-decoration: underline">Section 3.1</font>. For this purpose,
Capital Accounts shall be reduced by the adjustments set forth in
Treasury Regulation &#xA7;1.704-1(b)(2)(ii)(d)(4)-(6).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Unrealized
Appreciation and Depreciation</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Any
Unrealized Appreciation or Unrealized Depreciation in the values of
Company property distributed in kind to all the Members shall be
treated in accordance with applicable Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Contributed
Property</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Any
item of income, gain, loss, or deduction with respect to any
property (other than cash) that has been contributed by a Member to
the capital of the Company, or that has been revalued under the
provisions of <font style="text-decoration: underline">Section
2.9(g)</font>, and that is required or permitted to be allocated to
the Member for income tax purposes under Internal Revenue Code
&#xA7;704(c) so as to take into account the variation between the
tax basis of the property and its Fair Market Value at the time of
its contribution, shall be allocated solely for income tax purposes
in the manner required or permitted under Internal Revenue Code
&#xA7;704(c) using the &#x201C;remedial&#x201D; method described in
Treasury Regulation &#xA7;1.704-3(b), except that any other method
allowable under applicable Regulations may be used for any
contribution of property with respect to which there is agreement
among the contributing Member and the Managers (and, if the Manager
and the contributing Member are Affiliates, a Majority of Members
who are not Affiliates of Managers).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Transferees</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">A
Transferee shall succeed to the pro rata portion of the Capital
Account of the Transferor relating to the Membership Interest so
Transferred. Except as otherwise provided herein, all items of
income, gain, expense, loss, deduction, and credit allocable to any
Membership Interest that may have been Transferred during any
calendar year shall, if permitted by Law, be allocated between the
Transferor and the Transferee based on the portion of the calendar
year during which each was recognized as owning that Membership
Interest, based upon the interim closing of the books method or
such other method as agreed between the Transferor and the
Transferee; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that this allocation
must be made in accordance with a method permissible under section
706 of the Internal Revenue Code and the Treasury Regulations
thereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.11&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Adjustment
of Gross Asset Value</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a) The
Gross Asset Value of all Company property shall be adjusted at the
following times: (1) on the acquisition of an interest or
additional interest in the Company by any new or existing Member in
exchange for more than a <font style="font-style: italic">de
minimis</font> Capital Contribution; (2) on the distribution of
money or other property (other than a <font style="font-style: italic">de mini</font>mis amount) by the Company to a
Member as consideration for a Transferable Interest in the Company;
and (3) on the liquidation of the Company within the meaning of
Treasury Regulation &#xA7;1.704-1(b)(2)(ii)(g), <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that adjustments under
clauses (1) and (2) above shall be made only in the event of a
revaluation of Company property under <font style="text-decoration: underline">Section 2.9(g)</font> in accordance
with Treasury Regulation &#xA7;1.704-1(b)(2)(iv)(f).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Gross Asset Value of Company property shall be increased or
decreased to reflect adjustments to the adjusted tax basis of the
property under Internal Revenue Code &#xA7;732, &#xA7;733, or
&#xA7;743, subject to the limitations imposed by Internal Revenue
Code &#xA7;755 and Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(m).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
the Gross Asset Value of an item of property has been determined or
adjusted as specified in the definition of &#x201C;Gross Asset Value
in <font style="text-decoration: underline">Section 14.1</font> or
pursuant to paragraph (a) or (b) of this <font style="text-decoration: underline">Section 3.11</font>, the Gross Asset
Value shall be adjusted by the Book Depreciation, if any, taken
into account with respect to that property for purposes of
computing Profits and Losses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.12&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Allocation
of Tax Items</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">It is
the intent of the Members that each Member&#x2019;s allocated share
of Company Tax Items be determined in accordance with this
Agreement to the fullest extent permitted by Internal Revenue Code
&#xA7;704(b)-(c). Notwithstanding anything to the contrary in this
Agreement, if the Company is advised that, as a result of the
adoption of new or amended regulations under Internal Revenue Code
&#xA7;704(b)-(c), or the issuance of authorized interpretations,
the allocations provided in this Agreement are unlikely to be
respected for federal income tax purposes, the Managers are granted
the power to amend the allocation provisions of this Agreement, on
advice of accountants and legal counsel, to the minimum extent
necessary for the allocation provisions to be respected for federal
income tax purposes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;4</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DISTRIBUTIONS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Distributions</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as provided elsewhere in this document all distributions by the
Company shall be determined by the Board. Subject to the
limitations set forth in the Delaware Act and any other applicable
Law, prior to the dissolution, winding-up and liquidation of the
Company, the Board may, in its discretion, direct the Company to
make distributions of cash or other property to the Members.
Notwithstanding any provision to the contrary contained in this
Agreement, neither the Company nor the Board, on behalf of the
Company, shall be required or permitted to make a distribution to
any Member on account of its Membership Interest if such
distribution would violate the Delaware Act or other applicable
Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Limitation
on Distributions on Common Units</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Notwithstanding
anything to the contrary contained in this Agreement, all
distributions and dividends on Common Units shall be subject to the
prior approval of the holders of a majority of the Series A
Preferred Units in accordance with the terms of the Purchase
Agreement and <font style="text-decoration: underline">Section
7.3</font> of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Certain
Taxes</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Distributions
and Payments Free of Taxes</font>. Any and all allocations,
distributions, payments, advances, or issuances by the Company to
Investor (including, for the avoidance of doubt any distributions,
payments, advances, or issuances by the Company to Investor under
the Purchase Agreement) shall be made free and clear of and without
deduction or withholding or other charge for any Covered Taxes,
except as required by applicable Law; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that if the Company
shall be required by applicable Law to deduct or withhold any
Covered Taxes from such allocations, distributions or payments,
then (i) the amounts distributable or payable or advanced shall be
increased as necessary so that after making all required deductions
or withholdings (including those applicable to additional amounts
distributable or payable under this <font style="text-decoration: underline">Section 4.3</font>) Investor receives
an amount equal to the amount it would have received had no such
deduction or withholding been made, (ii) the Company shall make
such deductions or withholdings and such amounts shall be borne by
Aemetis out of its share of distributions under <font style="text-decoration: underline">Section 4.1</font> (determined before
taking into account this <font style="text-decoration: underline">Section 4.3</font>), and (iii) the
Company shall timely pay the full amount deducted or withheld to
the relevant Governmental Authority in accordance with applicable
Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Indemnification
by the Company and Aemetis</font>. The Company and Aemetis shall
indemnify Investor, within ten (10) days after written demand
therefor, for the full amount of any Covered Taxes (including
Covered Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid or payable by Investor on or with
respect to any payment by or on account of any obligation of the
Company hereunder (including Covered Taxes imposed or asserted on
or attributable to amounts payable under this <font style="text-decoration: underline">Section 4.3</font>) and any penalties,
interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Covered Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority.
A certificate as to the amount of such payment or liability
delivered to the Company by Investor shall be prima facie evidence
of the accuracy of the determinations and calculations contained or
asserted therein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">15</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Evidence
of Payments</font>. As soon as practicable after any payment of
Covered Taxes by the Company to a Governmental Authority, the
Company shall deliver to Investor the original or a certified copy
of a receipt issued by such Governmental Authority evidencing such
payment and a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to
Investor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Refunds</font>.
If Investor determines, in its sole discretion, that it has
received a refund of any Covered Taxes as to which it has been
indemnified by the Company and Aemetis or with respect to which the
Company has paid additional amounts pursuant to this <font style="text-decoration: underline">Section 4.3</font>, it shall pay over
such refund to the Company (but only to the extent of indemnity
payments made, or additional amounts paid, by the Company under
this <font style="text-decoration: underline">Section 4.3</font>
with respect to the Covered Taxes giving rise to such refund), net
of all out-of-pocket expenses of Investor and without interest
(other than any interest paid by the relevant Governmental
Authority with respect to such refund); <font style="text-decoration: underline">provided</font>, that the Company,
upon the request of Investor, agrees to repay the amount paid over
to the Company (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) in the event
Investor is required to repay such refund to such Governmental
Authority. This <font style="text-decoration: underline">Section
4.3(d)</font> shall not be construed to require the Investor to
make available its tax returns (or any other information relating
to its taxes which it deems confidential) to the Company, Aemetis
or any other Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Survival</font>.
Without prejudice to the survival of any other provisions
hereunder, the agreement contained in Section&#xA0;4.3 shall
survive the termination of this Agreement or the Purchase
Agreement, the liquidation of the Company, the dissolution of the
Company, the withdrawal, resignation or retirement of a Member from
the Company, the transfer of a Member&#x2019;s interest in the
Company and the liquidation of a Member&#x2019;s interest in the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;5</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
MANAGEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">General
Powers</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company shall be a &#x201C;manager-managed&#x201D; limited liability
company. Except for situations in which the approval of the Members
or any specific Member or group or class of Members is expressly
required by the terms of this Agreement or non-waivable provisions
of applicable Law, including the Delaware Act, (a) all management
powers over the business and affairs of the Company shall be
exclusively vested in the Board, (b) the Board shall have full,
exclusive, and complete discretion, power and authority to manage,
control, administer and operate the business and affairs of the
Company, and to make all decisions affecting such business and
affairs, and (c) the Board shall have the power to bind or take any
action on behalf of the Company, or to exercise in its sole
discretion any rights and powers (including the rights and powers
to take certain actions, give or withhold certain consents or
approvals, or make certain determinations, opinions, judgments, or
other decisions) granted to the Company under this Agreement, or
any other agreement, instrument, or other document to which the
Company is a party or by virtue of its holding the equity interests
of any Subsidiary or other Person. Each Manager shall be a
&#x201C;manager&#x201D; for purposes of the Delaware Act; however, no
single Manager (acting in his or her capacity as such) shall have
any authority to bind the Company with respect to any matter except
pursuant to a resolution expressly authorizing such action which
resolution is duly adopted by the Board by the affirmative vote
required for such matter pursuant to this Agreement. Unless
otherwise expressly provided herein, any action, approval or
determination that may or shall be taken or made by the Board shall
be taken or made by the Board in its sole discretion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">16</font></div>
</div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Composition</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Board shall consist of three (3) Managers. The Managers shall be
appointed as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;one
(1) Manager shall be appointed by the holders of a majority of the
Series A Preferred Units or, if there are no Series A Preferred
Units outstanding, by the holders of a majority of the Common Units
that have been converted into Common Units from Series A Preferred
Units (the &#x201C;Series A Preferred Units Manager&#x201D;);
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
remaining Managers shall be appointed by a Majority of the
Members.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
initial Manager appointed by the holders of the Series A Preferred
Units shall be Devdatt Bhangui. The other initial Managers shall be
Eric McAfee and Todd Waltz.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Managers
shall serve until their resignation, death, removal or the election
of their successor in accordance with the terms hereof. The removal
from the Board of the Series A Preferred Units Manager shall only
be at the written request of the Members entitled to designate such
Manager in <font style="text-decoration: underline">Section
5.2(a)(i)</font>. A Manager may resign from the Board by delivering
his or her written resignation to the Company at the
Company&#x2019;s principal office addressed to the Board. Such
resignation shall be effective upon receipt unless it is specified
to be effective at some other time or upon the happening of some
other event. The acceptance of a resignation shall not be necessary
to make it effective, unless expressly so provided in the
resignation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event that the Series A Preferred Units Manager ceases for any
reason to serve as a member of the Board during his or her term of
office, the resulting vacancy on the Board shall be filled by a
Manager designated by the Members entitled to designate such Series
A Preferred Units Manager in accordance with <font style="text-decoration: underline">Section 5.2(a)(i)</font>. Failure of
such Members to at any time designate a Series A Preferred Units
Manager shall not impair or constitute a waiver of the future right
to do so. The Series A Preferred Units Manager may be removed from
the Board only by the Members entitled to designate a Series A
Preferred Units Manager in accordance with <font style="text-decoration: underline">Section 5.2(a)(i)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;During
the existence of the Company and at the request of the holders of
the Preferred Units at any time, the Company shall cause each of
its Subsidiaries to have a board of managers (or board of directors
or equivalent governing body, as the case may be) which mirrors (in
number of members and identity of the persons serving as members)
the above composition of the Board from time to time (having the
same voting rights), including amending organizational documents as
necessary to implement this <font style="text-decoration: underline">Section 5.2(d)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Company shall provide each Manager with sufficient information
(and, as appropriate, access to Company&#x2019;s management) to
enable each Manager to perform his or her duties as a Manager, to
evaluate matters presented to the Board and to participate in the
Board&#x2019;s management, control, administration and operation of
the business and affairs of the Company, and to make all decisions
affecting such business and affairs as contemplated
hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">17</font></div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Board
Actions; Meetings</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
Manager shall have one (1) vote on all matters submitted to the
Board. Except as otherwise provided in this Agreement, all
decisions concerning the management of the Company&#x2019;s business
shall be made by the vote of a majority, by number, of the
Managers. The presence, in person or by Proxy, of Managers holding
at least a majority of the votes of the total number of Managers
comprising the Board (which majority must include the Series A
Preferred Units Manager), shall constitute a quorum for the
transaction of business at any meeting of the Managers;
<font style="text-decoration: underline">provided</font>,
<font style="text-decoration: underline">however</font>, that if a
quorum cannot be obtained at two consecutive duly called meetings
because of the absence of the Series A Preferred Units Manager at
both of such consecutive meetings, the presence of the Series A
Preferred Units Manager shall not be necessary to constitute a
quorum at the next (and only the next) duly called meeting. The
affirmative vote (whether by Proxy or otherwise) of the Managers
holding at least a majority of the votes of the total number of
Managers comprising the Board (i.e., including any vacancies on the
Board) when a quorum is present shall be the act of the Board.
Meetings of the Board shall be held at the principal office of the
Company or at such other place as may be determined by the Board.
Regular meetings of the Board shall be held on such dates and at
such times as shall be determined by the Board. Special meetings of
the Board may be called by any Manager. Notice of each special
meeting of the Board stating the date, place and time of such
meeting shall be given to each Manager (in the case of a Board
meeting) by hand, telephone, electronic mail, telecopy or overnight
courier at least 48 hours prior to such meeting and shall be deemed
delivered when received. Notice may be waived before or after a
meeting or by attendance without protest at such meeting. The
actions taken by the Board (as opposed to by written consent),
however called and noticed, shall be as valid as though taken at a
meeting duly held after regular call and notice if (but not until),
either before, at or after the meeting, the Managers as to whom it
was improperly held sign a written waiver of notice or a consent to
the holding of such meeting or an approval of the minutes thereof.
The actions by the Board may be taken by written consent (without a
meeting, without notice and without a vote) so long as such consent
sets forth the action to be taken and is signed by all of the
Managers entitled to vote thereon. Any action taken pursuant to
such written consent of the Board shall have the same force and
effect as if taken by the Board or such committee at a meeting
thereof. A meeting of the Board may be held by telephone conference
or similar communications equipment by means of which all
individuals participating in the meeting can be heard, and
participation in such meeting shall constitute attendance and
presence in person at such meeting, except where the Manager
participates in the meeting for the express purpose of objecting to
the transaction of any business on the ground that the meeting is
not lawfully called or convened or is not called or convened in
accordance with this Agreement. The Board, with the approval of all
of the Managers, may adopt such other procedures governing meetings
and the conduct of business at such meetings as it shall deem
appropriate. The Company shall pay the reasonable out-of-pocket
expenses incurred by the Managers in connection with attending
meetings of the Board or the board of any Subsidiary. The Board
shall keep or cause to be kept with the books and records of the
Company full and accurate minutes of all meetings, notices, and
waivers of notices of meetings, and all written consents to actions
of the Board.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Officers</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Board may (but need not), from time to time, designate and appoint
one or more persons as an Officer of the Company, <font style="text-decoration: underline">provided</font> that the Board (with
the written approval of the Series A Preferred Units Manager) shall
appoint a President of the Company who shall be a Manager. Any
Officers so designated shall have such authority and perform such
duties as the Board may, from time to time, delegate to them. The
Board may assign titles to particular Officers. Unless the Board
otherwise decides, if the title is one commonly used for officers
of a business corporation formed under the DGCL, the assignment of
such title shall constitute the delegation to such Officer of the
authority and duties that are normally associated with that office,
subject to (i) any specific delegation or limitation of authority
and duties made to such Officer by the Board, and (ii) any of the
specific limitations set forth herein. Each Officer shall hold
office until such Officer&#x2019;s successor shall be duly
designated or until such Officer&#x2019;s death or until such
Officer shall resign or shall have been removed in the manner
hereinafter provided. Any number of offices may be held by the same
individual. The salaries or other compensation, if any, of the
Officers of the Company shall be fixed from time to time by the
Board.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
President shall be the chief executive officer of the Company and
shall have general supervision of the business and affairs of the
Company, shall preside at all meetings of Members and of Managers,
and shall have any other powers and duties usually vested in a
chief executive officer.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Any
Officer (subject to any contract rights available to the Company or
any of its Subsidiaries, if applicable) may resign as such at any
time. Such resignation shall take effect at the time specified
therein, or if no time be specified, at the time of its receipt by
the Board. The acceptance of a resignation shall not be necessary
to make it effective. Any Officer may be removed as such, either
with or without cause, by the Board in its sole discretion at any
time. Any vacancy occurring in any office of the Company may be
filled by the Board and shall remain vacant until filled by the
Board.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Officers,
in the performance of their duties as such, shall owe to the
Company and to the Members fiduciary duties (including the duty of
loyalty and due care) of the type owed by officers of a corporation
to such corporation and its stockholders under the
DGCL.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Actions
Requiring Member Approval</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Notwithstanding
anything to the contrary contained herein, neither the Board, nor
any Manager or Officer shall take any of the following actions for
or on behalf of the Company unless a Majority of Members (and the
holders of a majority of the Series A Preferred Units) has
consented to such action:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;liquidate,
dissolve or wind-up the business and affairs of the Company or any
Subsidiary, or consent to or otherwise approve any of the
foregoing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;take
any action that would result in a Bankruptcy Event; adopt a plan of
liquidation of the Company or any of its Subsidiaries; take any
action to commence any suit, case, proceeding or other action under
any existing or future Law of any jurisdiction relating to
bankruptcy, insolvency, reorganization or relief of debtors seeking
to have an order for relief entered with respect to the Company or
any of its Subsidiaries, or seeking to adjudicate the Company or
any of its Subsidiaries as bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to the
Company or any of its Subsidiaries; appoint a receiver, trustee,
custodian or other similar official for the Company or any of its
Subsidiaries, or for all or any material portion of the assets of
the Company or any of its Subsidiaries; or make a general
assignment for the benefit of the creditors of the Company or any
of its Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;amend,
modify, alter or repeal any provision of the Certificate of
Formation;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create,
or authorize the creation of, any additional class or series of
Units or reclassify or authorize the reclassification of any class
or series of Units (unless the same ranks junior in all respects to
the Series A Preferred Units with respect to the distribution of
assets on the liquidation, dissolution or winding up of the
Company, the payment of dividends and distributions, and redemption
rights) or increase or decrease the authorized number of Series A
Preferred Units or increase the authorized number of shares of any
additional class or series of Units (unless the same ranks junior
to the Series A Preferred Units with respect to the distribution of
assets on the liquidation, dissolution or winding up of the
Company, the payment of dividends and distributions, and redemption
rights);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;purchase,
redeem or otherwise acquire (or permit any Subsidiary to purchase,
redeem or otherwise acquire), or pay, declare or make any dividend
or distribution on, any Common Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create
any bonds, notes or Equity Securities that are convertible into, or
exchangeable for, or have option rights to purchase or otherwise
acquire, any Units (or other ownership or profits interests) in the
Company that would rank senior to or <font style="font-style: italic">pari passu</font> with the Series A Preferred
Units with respect to the distribution of assets on the
liquidation, dissolution or winding up of the Company, the payment
of dividends and distributions, and redemption rights;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create,
incur, assume, guarantee or authorize the creation, incurrence,
guarantee, or assumption of, or issue, or authorize the issuance of
any Indebtedness, or permit any Subsidiary to take any such action
with respect to any Indebtedness, except for trade payables
incurred in the ordinary course of business, or amend, renew,
increase or otherwise alter in any material respect the terms of
any Indebtedness previously approved or required to be approved by
holders of Series A Preferred Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;increase
or decrease the authorized number of Managers constituting the
Board from three (3) or otherwise affects the composition or
appointment of the Board;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;engage
in any line of business other than the business conducted or
proposed to be conducted by the Company as of the Effective Date or
use, or permit the use of, the proceeds from the issuance of the
Series A Preferred Units for any purpose other than the purposes
specified in Section 2.3 of the Purchase Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;enter
into, or become subject to or bound by, any agreement or instrument
or other obligation which by its terms restricts the
Company&#x2019;s ability to perform any of its obligations under the
Purchase Agreement and/or this Agreement, including the ability of
the Company to pay dividends or distributions or make any
redemption or liquidation payments with respect to the Series A
Preferred Units required hereunder and/or under the Purchase
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;effect
any recapitalization, restructuring or reorganization or split or
combination of any Unit, Preferred Unit, or Common
Unit;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;effect
or enter into any agreement to effect any Qualifying Liquidity
Event;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
sell, transfer, license, lease or otherwise dispose of, in any
transaction or series of related transactions, any assets of the
Company or any Subsidiary having a Fair Market Value in excess of
$100,000, other than inventory in the ordinary course of
business;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create,
form or acquire any Subsidiary; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(o)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;take
any action, authorize or approve, or enter into any binding
agreement with respect to or otherwise commit to do any of the
foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">BUDGET</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company shall obtain the prior approval of the Board and the
Principal Members before:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;establishing
or adopting any Budget; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;amending
or modifying any Budget, <font style="text-decoration: underline">provided</font> that the approval of
the Principal Members shall not be required for an amendment or
modification of any Budget that (i)&#xA0;increases or decreases the
aggregate amount of such Budget by no more than five percent (5%),
or (ii) increases or decreases any line item in such Budget by no
more than five percent (5%).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">If the
Principal Members do not approve a Budget for any fiscal year of
the Company, then the Budget for such fiscal year shall be the
Budget for the prior fiscal year until a Budget for such fiscal
year is approved by the Board and the Principal Members. The
Company shall operate the Company and its Subsidiaries consistent
with the Budget as provided for in the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">20</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Other
Business Interests</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">It is
acknowledged that the Managers have other business interests to
which the Managers devote part of their time. Each Manager shall
devote as much time to the conduct of the business of the Company
as the Manager, in the Manager&#x2019;s own good faith and
discretion, deems appropriate.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Assets
in the Name of the Company</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">All
assets of the Company, whether real or personal, whether now owned
or hereafter acquired, shall be held in the name of the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Funds</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">All
funds of the Company shall be deposited in one or more accounts
with one or more recognized financial institutions in the name of
the Company, at locations determined by the Board.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;6</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ACCOUNTS AND ACCOUNTING</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Records</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Complete books of
account of the Company&#x2019;s business, in which each Company
transaction shall be fully and accurately entered, shall be kept at
the Company&#x2019;s principal executive office and at other
locations that the Board shall determine from time to time, and
shall be open to inspection and copying on reasonable notice by any
Member or the Member&#x2019;s authorized representatives during
normal business hours. The costs of inspection and copying shall be
borne by the Member.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Accounting</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
books and records of the Company shall be maintained, for financial
reporting purposes, in accordance with United States generally
accepted accounting principles (&#x201C;GAAP&#x201D;). All decisions
as to accounting matters, except as specifically provided to the
contrary herein, shall be made by the Board.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Additional
Records</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">At all
times during the term of existence of the Company, and beyond that
term if the Board deems it necessary, the Company shall keep or
cause to be kept the books of account referred to in <font style="text-decoration: underline">Section 6.2</font>, together
with:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;progress
reports with respect to the Development of the
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;milestone
schedules with respect to the Development of the
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;permits
and approvals with respect to the Development of the
Project;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Budgets;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;a
current list of the full name and last known business or residence
address of each Member, together with the Capital Contribution and
the share in Profits and Losses of each Member;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;a
current list of the full name and business or residence address of
each Manager;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;a
copy of the Certificate of Formation, as amended or
supplemented;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
</div>
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<!--page break--></div>
<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;copies
of the Company&#x2019;s federal, state, and local income tax or
information returns and reports, if any, for the six (6) most
recent taxable years;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;an
original executed copy or counterparts of this Agreement, as
amended;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
powers of attorney under which the Certificate of Formation, this
Agreement or any amendments thereto or hereto were
executed;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;financial
statements of the Company for the six (6) most recent fiscal years;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
books and records of the Company as they relate to the
Company&#x2019;s internal affairs for the four (4) most recent
fiscal years.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If the
Board deems that any of the foregoing items shall be kept beyond
the term of existence of the Company, the repository of those items
shall be as designated by the Managers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Tax
Information</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Within
105 days after the end of each taxable year of the Company, the
Managers shall send to each of the Members all information
necessary for the Members to complete their federal and state
income tax or information returns and a copy of the Company&#x2019;s
federal, state, and local income tax or information returns for
that year.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Partnership
Representative</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Members hereby appoint a Chief Financial Officer who will act as
"partnership representative" (the "Partnership Representative") as
provided in Internal Revenue Code Section 6223(a) (as amended by
the Bipartisan Budget Act of 2015). The Partnership Representative
can be removed at any time by a vote of a majority of the other
Members, and shall resign if it is no longer a Member. In the event
of the resignation or removal of the Partnership Representative, a
majority of the other Members shall select a replacement
Partnership Representative. If the resignation or removal of the
Partnership Representative occurs prior to the effectiveness of the
resignation or removal under applicable Treasury Regulations or
other administrative guidance, the resignation or removal shall be
effective upon the earliest date provided for in such Treasury
Regulations or administrative guidance.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Authorization
of Partnership Representative</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Partnership Representative is authorized to do the
following:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Keep
the Members informed of administrative and judicial proceedings for
the adjustment of Company items (as defined in Internal Revenue
Code &#xA7;6231(a)(3)) at the Company level, as required under
Internal Revenue Code &#xA7;6223(g) and the implementing
Regulations;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Enter
into settlement agreements under Internal Revenue Code
&#xA7;6224(c)(3) and applicable Regulations with the Internal
Revenue Service or the Secretary of the Treasury (the Secretary)
with respect to any tax audit or judicial review, in which
agreement the Partnership Representative may expressly state that
the agreement shall bind the other Members, except that the
settlement agreement shall not bind any Member who (within the time
prescribed under the Internal Revenue Code and Regulations) files a
statement with the Secretary providing that the Partnership
Representative shall not have the authority to enter into a
settlement agreement on behalf of that Member;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">22</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;On
receipt of a notice of a final Company administrative adjustment,
to file a petition for readjustment of the Company items with the
Tax Court, the District Court of the United States for the district
in which the Company&#x2019;s principal place of business is
located, or the United States Court of Federal Claims, all as
contemplated under Internal Revenue Code &#xA7;6226(a) and
applicable Regulations;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;File
requests for administrative adjustment of Company items on Company
tax returns under Internal Revenue Code &#xA7;6227(b) and
applicable Regulations; and, to the extent those requests are not
allowed in full, file a petition for adjustment with the Tax Court,
the District Court of the United States for the district in which
the Company&#x2019;s principal place of business is located, or the
United States Court of Federal Claims, all as contemplated under
Internal Revenue Code &#xA7;6228(a); and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Take
any other action on behalf of the Members or the Company in
connection with any administrative or judicial tax proceeding to
the extent permitted by Law, including retaining tax advisers (at
the expense of the Company) to whom the Partnership Representative
may delegate such rights and duties as deemed necessary and
appropriate.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
the Partnership Representative takes any action (including, without
limitation, filing any U.S. tax election or entering into a
settlement agreement with the U.S. Internal Revenue Service) that
causes an adverse effect on the holders of the Series A Preferred
Units, the Partnership Representative shall obtain written consent
from the Series A Preferred Units Manager, which shall not be
unreasonably withheld, delayed or condition, prior to taking any
such action.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;7</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
MEMBERSHIP&#x2014;MEETINGS AND VOTING</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Member
Authority</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
Member in its capacity as such has the authority or power to act
for or on behalf of the Company in any manner or way, to bind the
Company, or do any act that would be (or could be construed as)
binding on the Company, in any manner or way, or to make any
expenditures on behalf of the Company, unless such specific
authority and power has been expressly granted to and not revoked
from such Member by the Board or the express provisions of this
Agreement, and the Members hereby consent to the exercise by the
Board of the powers conferred on it by Law and this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Voting</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
holder of Unit will have the right to one vote per Unit, with the
holders of Common Units and Series A Preferred Units voting
together as one class. Unless otherwise provided by Law or this
Agreement, the affirmative vote of a majority of the Units having
the right to vote on the matter or action subject to such vote
shall constitute the act of the Members and the affirmative vote of
a majority of the Units of a specified class or series having the
right to vote on the matter or action subject to such vote shall
constitute the act of the Members holding that class or series of
Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Series
A Preferred Unit Protective Provisions</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">For so
long as any Series A Preferred Units remain outstanding, none of
the Company, any of its Subsidiaries, or any Member, nor any
Manager, Officer or agent of the Company on behalf of the Company
or any of its Subsidiaries, shall take any of the following actions
without (in addition to any other vote required by Law or this
Agreement) the prior written consent or affirmative vote of the
holders of at least a majority of the then outstanding Series A
Preferred Units (which consent may be withheld by such holders in
their sole discretion), given in writing or by vote at a meeting,
consenting or voting (as the case may be) separately as a
class:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">23</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;liquidate,
dissolve or wind-up the business and affairs of the Company or any
Subsidiary, or consent to or otherwise approve any of the
foregoing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;take
any action that would result in a Bankruptcy Event; adopt a plan of
liquidation of the Company or any of its Subsidiaries; take any
action to commence any suit, case, proceeding or other action under
any existing or future Law of any jurisdiction relating to
bankruptcy, insolvency, reorganization or relief of debtors seeking
to have an order for relief entered with respect to the Company or
any of its Subsidiaries, or seeking to adjudicate the Company or
any of its Subsidiaries as bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to the
Company or any of its Subsidiaries; appoint a receiver, trustee,
custodian or other similar official for the Company or any of its
Subsidiaries, or for all or any material portion of the assets of
the Company or any of its Subsidiaries; or make a general
assignment for the benefit of the creditors of the Company or any
of its Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;amend,
modify, alter or repeal any provision of the Certificate of
Formation, the Purchase Agreement or this Agreement in a manner
that affects the powers, preferences or rights of the Series A
Preferred Units or that increases or decreases the number of
authorized Series A Preferred Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create,
or authorize the creation of, any additional class or series of
Units or reclassify or authorize the reclassification of any class
or series of Units (unless the same ranks junior in all respects to
the Series A Preferred Units with respect to the distribution of
assets on the liquidation, dissolution or winding up of the
Company, the payment of dividends and distributions, and redemption
rights) or increase or decrease the authorized number of Series A
Preferred Units or increase the authorized number of shares of any
additional class or series of Units (unless the same ranks junior
to the Series A Preferred Units with respect to the distribution of
assets on the liquidation, dissolution or winding up of the
Company, the payment of dividends and distributions, and redemption
rights);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;purchase,
redeem or otherwise acquire (or permit any Subsidiary to purchase,
redeem or otherwise acquire), or pay, declare or make any dividend
or distribution on, any Common Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create
any bonds, notes or Equity Securities that are convertible into, or
exchangeable for, or have option rights to purchase or otherwise
acquire, any Units (or other ownership or profits interests) in the
Company that would rank senior to or <font style="font-style: italic">pari passu</font> with the Series A Preferred
Units with respect to the distribution of assets on the
liquidation, dissolution or winding up of the Company, the payment
of dividends and distributions, and redemption rights;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create,
incur, assume, guarantee or authorize the creation, incurrence,
guarantee, or assumption of, or issue, or authorize the issuance of
any Indebtedness, or permit any Subsidiary to take any such action
with respect to any Indebtedness, except for trade payables
incurred in the ordinary course of business, or amend, renew,
increase or otherwise alter in any material respect the terms of
any Indebtedness previously approved or required to be approved by
holders of Series A Preferred Units;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;increase
or decrease the authorized number of Managers constituting the
Board from three (3) or otherwise affects the composition or
appointment of the Board;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;engage
in any line of business other than the business conducted or
proposed to be conducted by the Company as of the Effective Date or
use, or permit the use of, the proceeds from the issuance of the
Series A Preferred Units for any purpose other than the purposes
specified in Section 2.3 of the Purchase Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">24</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;enter
into, or become subject to or bound by, any agreement or instrument
or other obligation which by its terms restricts the
Company&#x2019;s ability to perform any of its obligations under the
Purchase Agreement and/or this Agreement, including the ability of
the Company to pay dividends or distributions or make any
redemption or liquidation payments with respect to the Series A
Preferred Units required hereunder and/or under the Purchase
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;effect
any recapitalization, restructuring or reorganization or split or
combination of any Unit, Preferred Unit, or Common
Unit;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;effect
or enter into any agreement to effect any Qualifying Liquidity
Event;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
sell, transfer, license, lease or otherwise dispose of, in any
transaction or series of related transactions, any assets of the
Company or any Subsidiary having a Fair Market Value in excess of
$100,000, other than inventory in the ordinary course of
business;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;create,
form or acquire any Subsidiary; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(o)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;take
any action, authorize or approve, or enter into any binding
agreement with respect to or otherwise commit to do any of the
foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Meetings
of Members</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Meetings of the
Members may be called at any time by the Board, or by Members
representing more than 10 percent of the Units of the Members, for
the purpose of addressing any matters on which the Members may
vote. If a meeting of the Members is called by the Members, notice
of the call shall be delivered to the Board. Meetings may be held
at the principal executive office of the Company or at any other
location designated by the Board. Following the call of a meeting,
the Board shall give notice of the meeting not less than 10, nor
more than 60, calendar days before the meeting date to all Members
entitled to vote at the meeting. The notice shall state the place,
date, and hour of the meeting, the means of electronic transmission
by and to the Company or electronic video communication, if any,
and the general nature of business to be transacted. No other
business may be transacted at the meeting. A quorum at any meeting
of Members shall consist of a Majority of Members, represented in
person or by Proxy. The Members present at a duly called or held
meeting at which a quorum is present may continue to transact
business until adjournment, notwithstanding the withdrawal of a
sufficient number of Members to leave less than a quorum, if the
action taken, other than adjournment, is approved by the requisite
Percentage Interest of the Members as specified in this Agreement
or the Delaware Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Record
Date</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
record date for determining the Members entitled to receive notice
of any meeting, to vote, to receive any distribution, or to
exercise any right in respect of any other lawful action, shall be
the date set by the Board or by a Majority of Members; <font style="text-decoration: underline">provided</font> that the record date
shall not be more than 60, or less than 10 calendar days before the
date of the meeting and not more than 60 calendar days before any
other action.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">25</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Adjournment
of Meeting of Members</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">A
meeting of Members at which a quorum is present may be adjourned to
another time or place and any business that might have been
transacted at the original meeting may be transacted at the
adjourned meeting. If a quorum is not present at an original
meeting, that meeting may be adjourned by the vote of a majority of
Voting Units represented either in person or by Proxy. Notice of
the adjourned meeting need not be given to Members entitled to
notice if the time and place of the adjourned meeting are announced
at the meeting at which the adjournment is taken, unless (a) the
adjournment is for more than 45 days, or (b) after the adjournment,
a new record date is fixed for the adjourned meeting. In the
situations described in clauses (a) and (b), notice of the
adjourned meeting shall be given to each Member of record entitled
to vote at the adjourned meeting.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Attendance
at Meeting; Proxies; etc</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
transactions of any meeting of Members, however called and noticed,
and wherever held, shall be as valid as though consummated at a
meeting duly held after regular call and notice, if (a) a quorum is
present at that meeting, either in person or by Proxy, and (b)
either before or after the meeting, each of the persons entitled to
vote, not present in person or by Proxy, signs either a written
waiver of notice, a consent to the holding of the meeting, or an
approval of the minutes of the meeting. Attendance of a Member at a
meeting shall constitute waiver of notice, unless that Member
objects, at the beginning of the meeting, to the transaction of any
business on the ground that the meeting was not lawfully called or
convened. Attendance at a meeting is not a waiver of any right to
object to the consideration of matters required to be described in
the notice of the meeting and not so included, if the objection is
expressly made at the meeting.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Voting</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">At all
meetings of Members, a Member may vote in person or by Proxy. The
Proxy shall be filed with the Board before or at the time of the
meeting, and may be filed by electronic transmission to the Board
at the principal executive office of the Company or any other
address given by the Board to the Members for those
purposes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Telephonic
and Video Meetings</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">A
meeting of the Members may be conducted, in whole or in part, by
electronic transmission by and to the Company or by electronic
video communication if (a) the Company implements reasonable
measures to provide Members (in person or by Proxy) a reasonable
opportunity to participate in the meeting and to vote on matters
submitted to the Members, including an opportunity to read or hear
the proceedings of the meeting substantially concurrently with
those proceedings, and if (b) any Member votes or takes other
action at the meeting by means of electronic transmission to the
Company or electronic video communication, a record of that vote or
action is maintained by the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">7.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Written
Action</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Any
action that may be taken at any meeting of the Members may be taken
without a meeting if a consent thereto in writing, setting forth
the action so taken, is signed by Members having not less than the
minimum number of votes that would be necessary to authorize or
take that action at a meeting at which all Members entitled to vote
were present and voted. If the Members are requested to consent to
a matter without a meeting, each Member shall be given notice of
the matter to be voted on in the manner described in <font style="text-decoration: underline">Section 7.4</font>. Any action taken
without a meeting shall be effective when the required minimum
number of votes have been received. Prompt notice of the action
taken shall be given to all Members who have not consented to the
action.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">26</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;8</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
UNITS; TRANSFERS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Unit
Certificates</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Units
in the Company shall be evidenced by certificates in a form
approved by the Board (&#x201C;Certificates&#x201D;). Each
Certificate will bear the following legend reflecting the
restrictions on the Transfer of such securities:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;THE
SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#x201C;33 ACT&#x201D;), AND
MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
UNDER THE 33 ACT OR IN A TRANSACTION WHICH, IN THE OPINION OF
COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, QUALIFIES AS AN
EXEMPT TRANSACTION UNDER THE 33 ACT AND THE RULES AND REGULATIONS
PROMULGATED THEREUNDER.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">THE
SECURITIES EVIDENCED HEREBY ARE SUBJECT TO THE TERMS OF THAT
CERTAIN AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT,
DATED AS OF DECEMBER 13, 2018, AS AMENDED FROM TIME TO TIME, BY AND
AMONG THE COMPANY AND THE MEMBERS IDENTIFIED THEREIN, INCLUDING
CERTAIN RESTRICTIONS ON TRANSFER. A COPY OF SUCH AMENDED AND
RESTATED LIMITED LIABILITY COMPANY AGREEMENT HAS BEEN FILED WITH
THE SECRETARY OF THE COMPANY AND IS AVAILABLE UPON
REQUEST.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Unit in the Company shall constitute and shall remain a
&#x201C;security&#x201D; within the meaning of (i) Article 8 of the
Uniform Commercial Code (including Sections 8-102(a)(15) and 8-103
thereof) as in effect from time to time in the states of Delaware
and New York and (ii) the Uniform Commercial Code of any other
applicable jurisdictions that now or hereafter substantially
includes the 1994 revisions to Article 8 thereof as adopted by the
American Law Institute and the National Conference of Commissioners
on Uniform State Laws and approved by the American Bar Association
on February 14, 1995. Notwithstanding any provision of this
Agreement to the contrary, to the extent that any provision of this
Agreement is inconsistent with any non-waivable provision of
Article 8 of the Uniform Commercial Code as in effect in the State
of Delaware (6 Del C. &#xA7; 8-101, et. seq.) (the
&#x201C;UCC&#x201D;), such provision of Article 8 of the UCC shall be
controlling.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Upon
any Transfer of all or a portion of the Units hereunder, the
Transferor shall surrender the Certificate(s) representing the
Units so Transferred to the Company for cancellation. If a
Certificate represents a greater portion of the Transferor&#x2019;s
Units than that intended for Transfer, upon surrender of such
certificate for cancellation the Company shall issue to the
Transferor a new Certificate which represents the Units being
retained by such Transferor. Upon a determination by the Board, the
Company shall issue to each Transferee who is Transferred Units
pursuant to this Agreement and who is admitted to the Company as a
Substitute Member in accordance with <font style="text-decoration: underline">Section 8.4(c)</font>, a Certificate
evidencing the Units held by such Transferee. Such Certificate
shall indicate the Units then owned by such Transferee and shall
represent the Units owned by such Transferee from time to time
thereafter as set forth in the then effective <font style="text-decoration: underline">Schedule A</font> hereto, regardless
of the Units indicated in the Certificate. Upon receipt of written
notice or other evidence reasonably satisfactory to the Company of
the loss, theft, destruction or mutilation of any Certificate and,
in the case of any such loss, theft or destruction upon receipt of
the Member&#x2019;s unsecured indemnity agreement, or in the case of
any other holder of a Certificate or Certificates, other indemnity
reasonably satisfactory to the Board or in the case of any such
mutilation upon surrender or cancellation of such Certificate, the
Company will make and deliver a new Certificate, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated
Certificate.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">27</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Restrictions
on Transfers</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">General
Transfer Restrictions</font>. Each holder of Common Units shall not
Transfer any Common Units or any interest therein to any Person
without the prior written consent of the Series A Preferred Units
Manager (which consent may be withheld by the Series A Preferred
Units Manager at his/her direction), <font style="text-decoration: underline">provided</font> that Aemetis may
pledge all or part of its Common Units to the Noteholders Agent,
pursuant to or in connection with the Note Purchase Agreement. The
pledge or assignment by Aemetis shall not, except as otherwise may
result due to an exercise of rights and remedies under such
collateral documentation, cause Aemetis to cease to be a Member or
to have the power to exercise any rights and powers of a Member.
Without limiting the foregoing, the right of the Noteholders Agent
to enforce and exercise its rights and remedies under such
collateral documentation is acknowledged by the Members and
Managers and any such action taken in accordance therewith shall be
valid and effective for all purposes under this Agreement and the
Certificate of Formation (in each case, regardless of any
restrictions or procedures otherwise herein or therein contained)
and applicable law, including, without limitation, the rights and
powers of a Member hereunder. Each holder of Series
A&#xA0;Preferred Units may at any time Transfer any or all of its
Series A Preferred Units to any Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Prohibited
Transfers</font>. Notwithstanding anything to the contrary in this
<font style="text-decoration: underline">Article 8</font>, no
Transfer of Units shall be permitted or made if such Transfer
would:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;violate
the then applicable federal or state securities Laws or rules and
regulations of the Securities Exchange Commission, any state
securities commission or any other Governmental Authority with
jurisdiction over such Transfer;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;terminate
the existence or qualification of the Company under Delaware
Law;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;cause
the Company to be treated as an association taxable as a
corporation or otherwise not to be treated as a partnership for
U.S. federal income tax purposes;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;cause
the Company to be required to register as an investment company
under the Investment Company Act of 1940, as amended, or subject
the Company, any of its Subsidiaries to the Investment Advisers Act
of 1940, as amended, or the Employee Retirement Income Security Act
of 1974, as amended;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;violate
any provision of this Agreement; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;result
in a Transfer of a Unit to a natural person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Any
Transfer of Units in violation of this Agreement or applicable Law
shall be void <font style="font-style: italic">ab initio</font>,
and the Company has the power to rescind such
Transfer.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Expenses</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Transferor and Transferee of any Units or other interest in the
Company shall be jointly and severally obligated to reimburse the
Company for all reasonable out-of-pocket expenses (including
attorneys&#x2019; fees and expenses) incurred by the Company for any
Transfer or proposed Transfer, regardless of whether
consummated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">28</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Transfers
Generally; Substitute Members</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Additional
Procedural Conditions to Transfers</font>. Without limiting
<font style="text-decoration: underline">Section 8.2(a</font>), any
Transfer of Units shall be valid hereunder only if:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Transferor and the Transferee execute and deliver to the Company
such documents and instruments of conveyance as may be reasonably
requested by the Board to effect such Transfer and to confirm the
agreement of the Transferee to be bound by the provisions of this
Agreement and the Purchase Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Transferor and the Transferee provide to the Board the
Transferee&#x2019;s taxpayer identification number and any other
information reasonably necessary to permit the Company to file all
required federal and state tax returns and other legally required
information statements or returns; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Company is reimbursed by the Transferor and/or the Transferee for
all costs and expenses that the Company reasonably incurs in
connection with the Transfer as required by <font style="text-decoration: underline">Section 8.3</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Rights
and Obligations of Transferees and Transferors</font>. Subject to
<font style="text-decoration: underline">Section 8.4(c)</font>, the
Transferee of any Transfer permitted pursuant to this Agreement
shall be a Transferee only, and only shall receive, to the extent
Transferred, the Economic Interest associated with the Units so
Transferred, and such Transferee shall not be entitled or enabled
to exercise any other rights or powers of a Member, such other
rights, and all obligations relating to, or in connection with,
such Units remaining with the Transferring Member. The Transferring
Member shall remain a Member even if it has Transferred all of its
Units to one or more Transferees until such time as all such
Transferees are admitted to the Company as Substitute Members
pursuant to <font style="text-decoration: underline">Section
8.4(c)</font>, as applicable. In the event any Transferee desires
to make a further Transfer of all or any portion of its Units, such
Transferee shall be subject to all of the provisions of this
Agreement to the same extent and in the same manner as the Member
who initially held such Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Admission
of Transferee as Substitute Member</font>. Subject to the other
provisions of this <font style="text-decoration: underline">Article
8</font>, a Transferee shall be admitted to the Company as a
Substitute Member following a Transfer of Units in accordance with
this <font style="text-decoration: underline">Article 8</font> upon
satisfaction of all of the following conditions, upon which the
Transferee shall have all of the rights and powers, and be subject
to all of the restrictions and liabilities, of a Member under the
Delaware Act and this Agreement with respect to the Units
Transferred: (i) the Transferee shall become a party to this
Agreement as a Member by executing a joinder or counterpart
signature page to this Agreement and executing such other documents
and instruments as the Board may reasonably request for the sole
purpose of confirming such Transferee&#x2019;s admission as a Member
and agreement to be bound by the terms and conditions of this
Agreement and the Purchase Agreement and (ii) the Transferee pays
or reimburses the Company for all reasonable costs that the Company
incurs in connection with the admission of the Transferee as a
Member as required by <font style="text-decoration: underline">Section 8.3</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Effect
on Transferor and Company</font>. Upon the admission of a
Transferee as a Substitute Member, (i) the Transferor shall (A)
cease to be a Member with respect to the portion of the Units so
Transferred and (B) be released from any obligations arising after
the date of such Transfer with respect to the Units so Transferred
and (ii) the Transferee will become a Member hereunder with respect
to such Units with all the rights and obligations of a Member held
by the Transferor in respect of such Units immediately prior to the
time of Transfer.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">29</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Closing
Date</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Any
Transfer and any related admission of a Person as a Member in
compliance with this <font style="text-decoration: underline">Article 8</font> shall be deemed
effective on such date that the Transferee or successor in interest
complies with the requirements of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Effect
of Incapacity</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as otherwise provided herein, the Incapacity of a Member shall not
dissolve or terminate the Company. In the event of such Incapacity,
the executor, administrator, guardian, trustee or other personal
representative of the Member that has experienced such Incapacity
shall be deemed to be the assignee of such Member&#x2019;s Economic
Interest and may, subject to the terms and conditions set forth in
this <font style="text-decoration: underline">Article 8</font>,
become a Substitute Member.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">No
Appraisal Rights</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
Member shall be entitled to any valuation, appraisal or similar
rights with respect to such Member&#x2019;s Units, whether
individually or as part of any class or group of Members, in the
event of a Qualifying Liquidity Event or other transaction
involving the Company or its securities unless such rights are
expressly provided by the documents effectuating such
transaction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">8.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Effect
of Non-Compliance</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Improper
Transfers Void</font>. ANY ATTEMPTED TRANSFER NOT STRICTLY IN
ACCORDANCE WITH THE PROVISIONS OF THIS ARTICLE 8 WILL BE VOID AB
INITIO AND OF NO FORCE OR EFFECT WHATSOEVER, <font style="text-decoration: underline">PROVIDED</font>, THAT ANY SUCH
ATTEMPTED TRANSFER MAY BE A BREACH OF THIS AGREEMENT,
NOTWITHSTANDING THAT SUCH ATTEMPTED TRANSFER IS VOID.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Other
Consequences</font>. Without limiting the foregoing, if any Unit or
Certificate representing a Unit is purported to be Transferred in
whole or in part in contravention of this <font style="text-decoration: underline">Article 8</font>, the Person to whom
such purported Transfer was made shall not be entitled to any
rights as a Member whatsoever, including, without limitation, any
of the following rights:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;to
participate in the management, business or affairs of the
Company;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;to
receive any reports pursuant to any provision hereof;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;to
inspect or copy the Company&#x2019;s books or records;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;to
receive any Economic Interest in the Company; or</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
to receive upon the dissolution and winding up of the Company the
net amount otherwise distributable to the Transferor pursuant to
<font style="text-decoration: underline">Section 9.2</font>
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">30</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;9</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DISSOLUTION AND WINDING UP</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">9.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Events
of Dissolution</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company shall be dissolved on the first to occur of the following
events:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
written agreement of a Majority of Members and the holders of a
majority of the Series A Preferred Units to dissolve the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Any
other event sufficient under the Delaware Act to cause the
dissolution of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">No
other event, including the retirement, withdrawal, insolvency,
liquidation, dissolution, resignation, expulsion or bankruptcy of a
Member shall cause the dissolution of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">9.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Procedure
for Winding Up</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">On the
dissolution of the Company pursuant to <font style="text-decoration: underline">Section 9.1</font>, the Company shall
engage in no further business other than that necessary to wind up
the business and affairs of the Company. A majority of the Board
may appoint one or more Persons to act as liquidator of the Company
(the &#x201C;Liquidator&#x201D;). The Liquidator will proceed
diligently to wind up the affairs of the Company and liquidate the
Company&#x2019;s assets in an orderly and business-like manner and
make final distributions as provided herein. The Liquidator shall
give notice of the commencement of winding up by mail to all known
creditors and claimants against the Company whose addresses appear
in the records of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Liquidator shall liquidate the assets of the Company and distribute
the proceeds of such liquidation in the following order of
priority, unless otherwise required by mandatory provisions of
applicable Law:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">First</font>,
to the payment of all of the Company's known debts and liabilities
(including debts and liabilities to Members who are creditors, if
applicable) and the expenses of liquidation (including sales
commissions incident to any sales of assets of the
Company);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Second</font>,
to the establishment of and addition to reserves that are
determined by the Liquidator to be reasonably necessary for any
contingent unknown liabilities or obligations of the Company. On
the Liquidator&#x2019;s determination that reserves are no longer
necessary, they shall be distributed as provided in this
<font style="text-decoration: underline">Section
9.2</font>;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Third</font>,
to the holders of the Series A Preferred Units in accordance with
the Purchase Agreement; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Last</font>,
subject to the terms of the Purchase Agreement and <font style="text-decoration: underline">Section 7.3</font> of this Agreement,
among the Members as provided in <font style="text-decoration: underline">Section 4.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">9.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Accounting</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">As
promptly as possible after dissolution and again after final
liquidation, the Liquidator shall cause a proper accounting to be
made by a recognized firm of certified public accountants of the
Company's assets, liabilities, and operations through the last day
of the calendar month in which the dissolution occurs or the final
liquidation is completed, as applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">9.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Certificate
of cancellation</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Upon
the liquidation of the Company assets as provided in <font style="text-decoration: underline">Section 9.2</font>, the Company shall
be terminated, and the Liquidator shall cause the filing of a
Certificate of Cancellation with respect to the Company&#x2019;s
Certificate of Formation and shall take such other actions as may
be necessary or appropriate to terminate the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">31</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">9.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Recourse
for Claims</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">EACH
MEMBER SHALL LOOK SOLELY TO THE ASSETS OF THE COMPANY FOR THE
RETURN OF THE MEMBER&#x2019;S INVESTMENT, AND IF COMPANY PROPERTY
REMAINING AFTER THE PAYMENT OR DISCHARGE OF THE COMPANY&#x2019;S
DEBTS AND LIABILITIES IS INSUFFICIENT TO RETURN THE INVESTMENT OF
EACH MEMBER, THE MEMBER SHALL HAVE NO RECOURSE AGAINST ANY OTHER
MEMBERS FOR INDEMNIFICATION, CONTRIBUTION, OR REIMBURSEMENT, EXCEPT
AS SPECIFICALLY PROVIDED IN THIS AGREEMENT.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;10</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CONFIDENTIALITY</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">10.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Confidentiality</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
Unitholder agrees that such Unitholder will keep confidential and
will not disclose, divulge, or use for any purpose (other than to
monitor and manage its investment in the Company) any information
obtained from the Company or any of its Subsidiaries, unless such
information (a) is known or becomes known to the public in general
(other than as a result of a breach of this <font style="text-decoration: underline">Section 10.1</font> by such
Unitholder), (b) is or has been independently developed or
conceived by the Unitholder without use of the Company&#x2019;s or
its Subsidiaries&#x2019; information, or (c) is or has been made
known or disclosed to the Unitholder by a third party without a
breach of any obligation of confidentiality such third party may
have to the Company or its Subsidiaries; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that a Unitholder may
disclose confidential information (i) to its attorneys,
accountants, consultants, and other professionals to the extent
necessary to obtain their services in connection with monitoring
and managing its investment in the Company; (ii)&#xA0;to any
prospective purchaser of any Units from such Unitholder, if such
prospective purchaser agrees to be bound by confidentiality
agreements at least as restrictive as the provisions of this
<font style="text-decoration: underline">Section 10.</font>1;
(iii)&#xA0;to any existing or prospective Affiliate, partner,
member, stockholder, or wholly owned subsidiary of such Unitholder
in the ordinary course of business, <font style="text-decoration: underline">provided</font> that such Unitholder
informs such Person that such information is confidential and
directs such Person to maintain the confidentiality of such
information in accordance with this <font style="text-decoration: underline">Section 10.1</font>; (iv) as may
otherwise be required by Law, provided that the Unitholder promptly
notifies the Company of such disclosure and takes reasonable steps
to avoid or minimize the extent of any such required disclosure
and, in the absence of a protective order, <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">further</font>, that the Unitholder
discloses only so much of such information to the Person requiring
disclosure as is required; or (v) in satisfaction of requests for
information in connection with a routine examination by a
Governmental Authority having jurisdiction over the Unitholder or
its Affiliates, as applicable, that is not specifically targeted at
the Company, <font style="text-decoration: underline">provided</font> that it shall advise
the Governmental Authority of the confidential nature of such
information. Notwithstanding the foregoing, Aemetis shall be
entitled to make communications or disclosures (a) to comply with
the accounting and the SEC disclosure obligations or the rules of
any stock exchange or (b) with public equity owners and/or analysts
in the ordinary course of business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">32</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;11</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
INDEMNIFICATION; EXCULPATION; FIDUCIARY DUTIES<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Indemnification</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the fullest extent permitted by applicable Law, the Company shall
and does hereby agree to indemnify and hold harmless and pay all
judgments and claims against the Board, each Manager, each Member
(including the Partnership Representative in its role as such), any
Affiliate thereof and their respective officers, directors,
employees, shareholders, partners, managers and members (each, an
&#x201C;Indemnified Party,&#x201D; each of which shall be a third
party beneficiary of this Agreement solely for purposes of this
<font style="text-decoration: underline">Section&#xA0;11.1</font>),
from and against any loss or damage incurred by an Indemnified
Party or by the Company for any act or omission taken or suffered
by such Indemnified Party in good faith (including any act or
omission taken or suffered by any of them in reliance upon and in
accordance with the opinion or advice of experts, including of
legal counsel as to matters of law, of accountants as to matters of
accounting or of investment bankers or appraisers as to matters of
valuation) in connection with the Company&#x2019;s business,
including costs and reasonable attorneys&#x2019; fees and any amount
expended in the settlement of any claims or loss or damage, except
with respect to (i) any act taken by such Indemnified Party
purporting to bind the Company that has not been authorized
pursuant to this Agreement, (ii) any act or omission with respect
to which such Indemnified Party was grossly negligent or engaged in
intentional misconduct, (iii) any act or omission taken or omitted
by such Indemnified Party in bad faith, or (iv) any act or omission
that constitutes a material breach of this Agreement or the
Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
satisfaction of any indemnification obligation pursuant to
<font style="text-decoration: underline">Section&#xA0;11.1(a)</font> shall be
from and limited to Company assets (including insurance), and no
Member, in such capacity, shall be subject to personal liability
therefor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Expenses
reasonably incurred by an Indemnified Party in defense or
settlement of any claim that may be subject to a right of
indemnification hereunder shall be advanced by the Company prior to
the final disposition thereof upon receipt of an undertaking by or
on behalf of such Indemnified Party to repay such amount to the
extent that it shall be determined upon final adjudication after
all possible appeals have been exhausted that such Indemnified
Party is not entitled to be indemnified hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Company may enter into indemnification agreements with its Managers
providing for, among other things, the indemnification described
herein. The Company is authorized to enter into the Indemnification
Agreement in substantially the form attached as Exhibit G to the
Purchase Agreement with the Series A Preferred Units
Manager.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Exculpation</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
Indemnified Party shall be liable, in damages or otherwise, to the
Company, the Members or any of their Affiliates for any act or
omission performed or omitted by any of them in good faith
(including any act or omission performed or omitted by any of them
in reliance upon and in accordance with the opinion or advice of
experts, including of legal counsel as to matters of law, of
accountants as to matters of accounting or of investment bankers or
appraisers as to matters of valuation), including any breach of a
duty (fiduciary or otherwise) that such Indemnified Party may have
with respect to the Company, the Members or any of their
Affiliates, except for (i) any act taken by such Indemnified Party
purporting to bind the Company that has not been authorized
pursuant to this Agreement, (ii) any act or omission with respect
to which such Indemnified Party was grossly negligent or engaged in
intentional misconduct, (iii)&#xA0;any action taken by such
Indemnified Party in bad faith, or (iv) any material breach of this
Agreement or the Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the extent that, at law or in equity, any Indemnified Party has
duties (including fiduciary duties) and liabilities relating
thereto to the Company or to any Member, such Indemnified Party
acting under this Agreement shall not be liable to the Company or
to any Member for its good faith reliance on the provisions of this
Agreement. The provisions of this Agreement, to the extent that
they restrict the duties and liabilities of an Indemnified Party
otherwise existing at law or in equity, are agreed by the Members
to replace such other duties and liabilities of such Indemnified
Party, to the maximum extent permitted by applicable
Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">33</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Any
repeal or amendment of this <font style="text-decoration: underline">Section 11.2</font>, or adoption of
any other provision in the Certificate of Formation or this
Agreement inconsistent with this <font style="text-decoration: underline">Section 11.2</font> shall be
prospective only and shall not adversely affect any limitation on
the liability of any Indemnified Party to the Company, the Members
or any of their Affiliates existing at the time of such repeal,
amendment or adoption of an inconsistent provision.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Competitive
Activities</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
Manager shall be required to manage the Company as his or her sole
and exclusive function, and the Managers, Members and their
respective Affiliates may have other business interests and may
engage in other activities in addition to those relating to the
Company. Such other business interests or activities may be of any
nature or description, and may be engaged in independently or with
others. Neither the Company nor any Member shall have any right, by
virtue of this Agreement or the Company relationship created
hereby, in or to such other ventures or activities of any Manager,
any other Member or any of their respective Affiliates, or to the
income or proceeds derived therefrom, and the pursuit of such
ventures shall not be deemed wrongful or improper. Nothing in this
<font style="text-decoration: underline">Section&#xA0;11.3</font>
shall limit a Member&#x2019;s obligations pursuant to <font style="text-decoration: underline">Article 10</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Indemnification
of Employees and Agents</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company, at the discretion of the Board, may indemnify and advance
expenses to an employee or agent of the Company to the same extent
and subject to the same conditions under which it may indemnify and
advance expenses under <font style="text-decoration: underline">Section 11.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Appearance
as a Witness</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Notwithstanding any
other provision of this <font style="text-decoration: underline">Article 11</font>, the Company may pay
or reimburse reasonable out-of-pocket expenses incurred by a
Manager, Member, Officer, employee or agent in connection with his
appearance as a witness or other participation in a Proceeding at a
time when he is not a named defendant or respondent in the
Proceeding.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Nonexclusivity
of Rights</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
right to indemnification and the advancement and payment of
expenses conferred in this <font style="text-decoration: underline">Article 11</font> shall not be
exclusive of any other right that a Member, Manager, Officer or
other Person indemnified pursuant to this <font style="text-decoration: underline">Article 11</font> may have or
hereafter acquire under any Law (common or statutory) or provision
of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Insurance</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Board shall obtain and maintain, at the Company&#x2019;s expense,
insurance to protect the Members, Managers, Officers, employees and
agents from any expense, liability or loss arising out of or in
connection with such Person&#x2019;s status and actions as a Member,
Manager, Officer, employee or agent. In addition, the Board may
cause the Company to purchase and maintain insurance, at the
Company&#x2019;s expense, to protect the Company and any other
Member, Manager, Officer or agent of the Company who is or was
serving at the request of the Company as a manager, director,
officer, partner, venturer, proprietor, trustee, employee, agent or
similar functionary of a foreign or domestic limited liability
company, corporation, partnership, joint venture, sole
proprietorship, trust, employee benefit plan or other enterprise
against any expense, liability or loss, whether or not the Company
would have the power to indemnify such Person against such expense,
liability or loss under this <font style="text-decoration: underline">Article 11</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">34</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">11.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Savings
Clause</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">If this
<font style="text-decoration: underline">Article 11</font> or any
portion hereof shall be invalidated on any ground by any court or
other Governmental Authority of competent jurisdiction, then the
Company shall nevertheless indemnify and hold harmless each Person
indemnified pursuant to this <font style="text-decoration: underline">Article 11</font> as to costs, charges
and expenses (including reasonable attorneys&#x2019; fees),
judgments, fines and amounts paid in settlement with respect to any
such Proceeding, appeal, inquiry or investigation to the full
extent permitted by any applicable portion of this <font style="text-decoration: underline">Article 11</font> that shall not have
been invalidated and to the fullest extent permitted by applicable
Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;12</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ATTORNEY-IN-FACT AND AGENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">12.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Performance
of Duties; No Liability of Members, Managers and
Officers</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
Unitholder hereby constitutes and appoints the Company and the
Liquidator, if any and as applicable, and their respective
designees, with full power of substitution, as his, her or its true
and lawful agent and attorney in fact, with full power and
authority in his, her or its name, place and stead, to execute,
swear to, acknowledge, deliver, file and record in the appropriate
public offices (to the same extent such Person could take such
action) (a) all certificates and other instruments which the Board
deems appropriate or necessary to form, qualify, or continue the
qualification of, the Company as a limited liability company in the
State of Delaware and in all other jurisdictions in which the
Company may conduct business or own property or as otherwise
permitted herein; (b) all conveyances and other instruments or
documents which the Board and/or the Liquidator deems appropriate
or necessary to reflect the dissolution and liquidation of the
Company pursuant to the terms of this Agreement, including a
certificate of cancellation; and (c) all instruments relating to
the admission, withdrawal or substitution of any Member pursuant to
<font style="text-decoration: underline">Article 8</font>. The
foregoing power of attorney is irrevocable and coupled with an
interest, and shall survive the death, disability, incapacity,
dissolution, bankruptcy, insolvency or termination of any
Unitholder and the Transfer of all or any portion of its Units and
shall extend to such Unitholder&#x2019;s heirs, successors, assigns
and personal representatives.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;13</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
GENERAL PROVISIONS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Notice</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as expressly set forth to the contrary in this Agreement, all
notices, requests or consents provided for or permitted to be given
under this Agreement must be in writing and must be given either by
(a)&#xA0;depositing such writing with a reputable overnight courier
for next day delivery, (b) depositing such writing in the United
States mail, addressed to the recipient, postage paid, and
registered or certified with return receipt requested or
(c)&#xA0;delivering such writing to the recipient in person, by
courier or by electronic mail transmission; and a notice, request
or consent given under this Agreement is effective upon receipt
against the Person who receives it. All notices, requests and
consents to be sent to a Member must be sent to or made at the
address given for that Member on <font style="text-decoration: underline">Schedule A</font>, or such other
address as that Member may specify by notice to the other Members
and the Board. Any notice, request or consent to the Company or the
Board must be given to the Board or, if appointed, the secretary of
the Company at the Company&#x2019;s chief executive offices.
Whenever any notice is required to be given by Law or this
Agreement, a written waiver thereof, signed by the Person entitled
to notice, whether before or after the time stated therein, shall
be deemed equivalent to the giving of such notice.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">35</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Amendment
and Waiver</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
for amendments authorized by <font style="text-decoration: underline">Section&#xA0;2.2</font>, this
Agreement and any provision hereof may be amended, waived (except
as otherwise provided herein) or modified from time to time only by
a unanimous written instrument signed by the Members.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.3&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Effect
of Waiver and Consent</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">A
waiver or consent, express or implied, to or of any breach or
default by any Person in the performance by that Person of its
obligations hereunder or with respect to the Company is not a
consent or waiver to or of any other breach or default in the
performance by that Person of the same or any other obligations of
that Person hereunder or with respect to the Company. Failure on
the part of a Person to complain of any act of any Person or to
declare any Person in default hereunder or with respect to the
Company, irrespective of how long that failure continues, does not
constitute a waiver by that Person of its rights with respect to
that default until the applicable statute-of-limitations period has
run.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.4&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Entire
Agreement</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement, together with the Purchase Agreement, constitute the
whole and entire agreement of the parties with respect to its
subject matter. This Agreement, together with the Purchase
Agreement, replace and supersede all prior written and oral
agreements by and among the Company, Members and Managers or any of
them.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.5&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Counterparts</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which together shall constitute one
and the same instrument. Delivery of an executed counterpart of a
signature page of this Agreement by facsimile or in electronic
(i.e., &#x201C;pdf&#x201D; or &#x201C;tif&#x201D;) format shall be
effective as delivery of a manually executed counterpart of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.6&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Governing
Law</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
validity, interpretation, construction and performance of this
Agreement shall be governed by and construed in accordance with the
substantive laws of the State of Delaware, without giving effect to
the principles of conflict of laws of such State. The Company and
Members each hereby irrevocably consent to the jurisdiction of the
Chancery Court of the State of Delaware for all purposes in
connection with any action or proceeding which arises out of or
relates to this Agreement and agree that any action instituted
under this Agreement shall be brought only in the Chancery Court of
the State of Delaware. In the event of a direct conflict between
the provisions of this Agreement and any provision of the
Certificate of Formation or any mandatory provision of the Delaware
Act, the applicable provision of the Certificate of Formation or
the Delaware Act shall control.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">36</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.7&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; font-size: 13px">Remedies</font><font style="font-size: 13px">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">THE
COMPANY AND THE MEMBERS SHALL BE ENTITLED TO ENFORCE THEIR RIGHTS
UNDER THIS AGREEMENT SPECIFICALLY, TO RECOVER DAMAGES BY REASON OF
ANY BREACH OF ANY PROVISION OF THIS AGREEMENT (INCLUDING COSTS OF
ENFORCEMENT) AND TO EXERCISE ANY AND ALL OTHER RIGHTS EXISTING IN
THEIR FAVOR. THE PARTIES HERETO AGREE AND ACKNOWLEDGE THAT MONEY
DAMAGES MAY NOT BE AN ADEQUATE REMEDY FOR ANY BREACH OF THE
PROVISIONS OF THIS AGREEMENT AND THAT THE COMPANY OR ANY MEMBER MAY
IN ITS OR HIS SOLE DISCRETION APPLY TO ANY COURT OF LAW OR EQUITY
OF COMPETENT JURISDICTION FOR SPECIFIC PERFORMANCE OR INJUNCTIVE
RELIEF (WITHOUT POSTING A BOND OR OTHER SECURITY) IN ORDER TO
ENFORCE OR PREVENT ANY VIOLATION OR THREATENED VIOLATION OF THE
PROVISIONS OF THIS AGREEMENT.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.8&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Public
Announcements</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
Member will issue any public announcements or disseminate any
advertising or marketing material concerning the existence or terms
of this Agreement without the prior written approval of all of the
other Members, except to the extent such announcement is required
by Law. If a public announcement is required by Law, the Members
will consult with each other before making the public announcement.
To the extent any announcement or any advertising or marketing
material permitted under this <font style="text-decoration: underline">Section 13.9</font> expressly refers
to any Member or their Affiliates, such Member shall, in its sole
discretion, have the right to revise such announcement or
advertising or marketing material prior to granting such written
approval.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.9&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Further
Assurances</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with this Agreement and the transactions contemplated
hereby, each Member shall execute and deliver any additional
documents and instruments and perform any additional acts that may
be necessary or appropriate to effectuate and perform the
provisions of this Agreement and those transactions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Severability</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">If any
term or provision of this Agreement or the application thereof to
any Person or circumstances shall be held invalid or unenforceable,
the remaining terms and provisions of this Agreement and the
application of such term or provision to Persons or circumstances
other than those to which it is held invalid or unenforceable shall
not be affected thereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.11&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">No
Agency</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as provided in this Agreement, no provision of this Agreement shall
be construed to establish a Member as the agent of any other
Member.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.12&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Headings</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Article, Section, and subsection titles and headings in this
Agreement are inserted as matters of convenience and for ease of
reference only and shall be disregarded for all other purposes,
including the construction or enforcement of this Agreement or any
of its provisions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.13&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Time of the
Essence</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Time is
of the essence for every provision of this Agreement that specifies
a time for performance.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">37</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.14&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">No Third Party
Beneficiaries</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement is made solely for the benefit of the parties to this
Agreement and their respective permitted successors and assigns,
and no other Person (other than each Indemnified Person) shall have
or acquire any right by virtue of this Agreement; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">howeve</font>r, the Noteholders Agent
is an intended third party beneficiary of the provisions in Section
8.2(a) and such provisions shall not be amended without the prior
written consent of Noteholders Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.15&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Acknowledgement</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
parties acknowledge that this Agreement was prepared by Structure
Law Group, LLP, which represents the Company in this matter and not
any individual Members. The Members have had an opportunity to read
all the provisions contained herein, and to have this Agreement
reviewed by legal, tax or other professional advisors of their own
choice before signing it. The Members represent that they have
reviewed this Agreement carefully and have the capacity to execute,
deliver, and perform all obligations required under this Agreement.
In the event any claim is made by any Member relating to any
conflict, omission or ambiguity in this Agreement, no presumption
or burden of proof or persuasion is implied by virtue of the fact
that this Agreement was prepared by or at the request of a
particular Member or his, her, or its counsel.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.16&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">No Interest in Specific
Property</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">No
Member has any interest in specific property of the Company.
Without limiting the foregoing, each Member irrevocably waives any
right to maintain any action for partition with respect to the
property of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">13.17&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Attorneys&#x2019; Fees and
Expenses</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In the
event that any dispute between the Company and the Members or among
the Members results in litigation, the prevailing party will be
entitled to recover from the other party all reasonable fees, costs
and expenses of enforcing any right of the prevailing party,
including, without limitation, reasonable attorneys&#x2019; fees and
expenses. In addition to the foregoing award for attorneys&#x2019;
fees, the prevailing party will be entitled to its attorneys&#x2019;
fees incurred in any post-judgment proceedings to enforce any
judgment. The provisions set forth in this section will survive the
merger of these provisions into any judgment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE&#xA0;14</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DEFINITIONS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">14.1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Defined
Terms</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Capitalized terms
used but not otherwise defined herein shall have the following
meanings:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Adjusted
Capital Account Deficit&#x201D; has the meaning specified in
<font style="text-decoration: underline">Section
3.3(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Aemetis&#x201D;
has the meaning specified in the preamble of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Affiliate&#x201D;
means, with respect to any Person, any other Person that directly
or indirectly controls, is controlled by or is under common control
with such Person. As used herein, the term &#x201C;control&#x201D;
means: (i) the power to vote at least ten percent (10%) of the
voting power of a Person, or (ii) the possession, directly or
indirectly, of any other power to direct or cause the direction of
the management and policies of such a Person, whether through
ownership of voting securities, by contract or
otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">38</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Agreement&#x201D;
means this Amended and Restated Limited Liability Company
Agreement, as it may be amended, modified and/or waived from time
to time in accordance with the terms hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Bankruptcy
Event&#x201D; means, with respect to any Person, the occurrence of
one or more of the following events: (a) such Person (i) admits in
writing its inability to pay its debts as they become due, (ii)
files, or consents or acquiesces by answer or otherwise to the
filing against it of a petition for relief or reorganization or
rearrangement, readjustment or similar relief or any other petition
in bankruptcy, for liquidation or to take advantage of any
bankruptcy, insolvency, dissolution, reorganization, moratorium or
other similar Law of any jurisdiction, (iii) makes an assignment
for the benefit of its creditors, (iv) consents to the appointment
of a custodian, receiver, trustee or other officer with similar
powers with respect to it or with respect to any substantial part
of its property, (v) is adjudicated as bankrupt or as insolvent or
to be liquidated, (vi) gives notice to any Governmental Authority
of insolvency or pending insolvency, or (vii)&#xA0;takes corporate
action for the purpose of any of the foregoing; or (b) a court of
Governmental Authority of competent jurisdiction enters an order
appointing, without consent by such Person, a custodian, receiver,
trustee or other officer with similar powers with respect to it or
with respect to any substantial part of its property, or
constituting an order for relief or approving a petition for relief
or reorganization or any other petition in bankruptcy or for
liquidation or to take advantage of any bankruptcy or insolvency
Law of any jurisdiction, or ordering the dissolution, winding-up or
liquidation of such Person, or a petition or involuntary case with
respect to any of the foregoing shall be filed or commenced against
such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Board&#x201D;
means the Board of Managers of the Company, which shall have the
power and authority described in this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Book
Adjustments&#x201D; means, for any item of Company property for a
given fiscal year, adjustments with respect to Book Value for
depreciation, cost recovery, or other amortization deduction or
gain or loss computed in accordance with Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(g), including Book
Depreciation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Book
Depreciation&#x201D; means, for any item of Company property for a
given fiscal year, a percentage of depreciation or other cost
recovery deduction allowable for federal income tax purposes for
that item during that fiscal year equal to the result (expressed as
a percentage) obtained by dividing (1) the Gross Asset Value of
that item at the beginning of the fiscal year (or the acquisition
date during the fiscal year) by (2) the federal adjusted tax basis
of the item at the beginning of the fiscal year (or the acquisition
date during the fiscal year). If the adjusted tax basis of an item
is zero, the Managers may determine Book Depreciation, provided
that he or she does so in a reasonable and consistent
manner.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Budget&#x201D;
has the meaning ascribed thereto in the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;California
Act&#x201D; means the California Revised Uniform Limited Liability
Company Act (California Corporations Code
&#xA7;&#xA7;17701.01-17713.13), as it may be amended from time to
time, and any successor thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Capital
Account&#x201D; means, with respect to any Member, the account
reflecting the capital interest of the Member in the Company,
consisting of the Member&#x2019;s Capital Contributions maintained
and adjusted in accordance with <font style="text-decoration: underline">Section 2.8</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Capital
Contributions&#x201D; means any cash, cash equivalents, promissory
obligations or the Fair Market Value of other property which a
Member contributes to the Company with respect to any Unit pursuant
to <font style="text-decoration: underline">Section 2.1</font>. For
the avoidance of doubt, &#x201C;Capital Contributions&#x201D; shall
include all amounts paid by the Investor for the purchase of Series
A Preferred Units pursuant to the Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">39</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Capital
Event&#x201D; means (a) any direct or indirect sale, exchange,
transfer, assignment or other disposition of any of the
Company&#x2019;s or any Subsidiary&#x2019;s assets, including any
disposition of interests in an entity that owns assets (other than
to the Company or a Subsidiary), (b) the receipt of insurance and
other proceeds on account of an involuntary conversion of Company
property, (c) the receipt of proceeds from a refinancing of Company
property, or (d) any event similar to any of the foregoing with
respect to any property or assets of the Company or any
Subsidiary.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Certificates&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 8.1(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Certificate
of Formation&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 1.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Common
Unit&#x201D; means a Unit having the rights and obligations
specified with respect to a Common Unit in this Agreement and the
Purchase Agreement, but does not include any Series A Preferred
Unit.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Company&#x201D;
has the meaning specified in the preamble of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Company
Minimum Gain&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 3.3(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Conversion
Units&#x201D; has the meaning specified in the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Covered
Taxes&#x201D; shall mean California Taxes imposed on or with respect
to any allocation or distribution or payment made by or on account
of the Company under this Agreement or the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Delaware
Act&#x201D; means the Delaware Limited Liability Company
Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Development&#x201D;
has the meaning specified in the Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;DGCL&#x201D;
means the Delaware General Corporation Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Economic
Interest&#x201D; means a Person&#x2019;s right to share in the income
or loss or similar items of, and to receive distributions from, the
Company, but does not include any other rights of a Member
including, without limitation, the right to vote, consent or
otherwise participate in the management of the Company, the right
to vote for or appoint Managers to the Board, or, except as
specifically provided in this Agreement or required under the
Delaware Act, any right to information concerning the business and
affairs of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Effective
Date&#x201D; has the meaning specified in the preamble of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Electronic
transmission by the Company&#x201D; and &#x201C;electronic
transmission to the Company&#x201D; have the meanings set forth in
California Corporations Code &#xA7;17701.02(i)(1)-(2).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Entity&#x201D;
means any general partnership, limited partnership, limited
liability company, corporation, joint venture, trust, business
trust, cooperative, association or other entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">40</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Equity
Securities&#x201D; means, with respect to the Company, all of the
Units of (or other ownership or profit interests in) the Company,
all the warrants, options or other rights for the purchase or
acquisition of Units from (or other ownership or profit interests
in) the Company, all securities and/or instruments (including,
without limitation, bonds, notes or other obligations) convertible
into or exchangeable for Units of (or other ownership or profit
interests in) the Company, all warrants, rights or options for the
purchase or acquisition from the Company of Units (or other
ownership or profits interests), and all of the other ownership or
profit interests in the Company (including Membership Interests
therein), whether voting or nonvoting, and whether or not such
Units, warrants, options, rights or other interests are outstanding
on any date of determination.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Fair Market
Value&#x201D; of any asset shall mean the fair value thereof as of
the date of valuation as determined by the Board in good faith on
the basis of an orderly sale to a willing, unaffiliated buyer in an
arm&#x2019;s length transaction occurring on the date of valuation
and, in the case of any Equity Securities, without regard to the
lack of liquidity due to any restrictions (contractual or
otherwise) applicable thereto or any discount for minority
interests; <font style="text-decoration: underline">provided</font>, <font style="text-decoration: underline">however</font>, that if a Principal
Member disputes any such determination, the Fair Market Value shall
be as mutually agreed upon by the Board and such Principal Member;
<font style="text-decoration: underline">provided</font>,
<font style="text-decoration: underline">further</font>, that if
the Board and such Principal Member are unable to agree on the Fair
Market Value within 10 days, such Fair Market Value shall be
determined within 20 days thereafter by a nationally recognized
investment banking, accounting or valuation firm jointly selected
by the Board and such Principal Member.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;GAAP&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 6.2</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Governmental
Authority&#x201D; means any federal, state, municipal, national or
other government, governmental department, commission, board,
bureau, court, agency or instrumentality or political subdivision
thereof or any entity or officer exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining
to any government or any court, in each case whether associated
with a state of the United States of America, the United States of
America or a foreign entity or government.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Gross Asset
Value&#x201D; means, for any item of property of the Company, the
item&#x2019;s adjusted basis for federal income tax purposes, except
that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
initial Gross Asset Value of any item of property contributed by a
Member to the Company shall be the fair market value of that
property, as mutually agreed by the contributing Member and the
Company;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Gross Asset Value of any item of Company property shall be adjusted
as of the following times: (1) the acquisition of an interest or
additional interest in the Company by any new or existing Member in
exchange for more than a <font style="font-style: italic">de
minimis</font> Capital Contribution; (2)&#xA0;the distribution of
money or other property (other than a <font style="font-style: italic">de minimis</font> amount) by the Company to a
Member as consideration for a Transferable Interest in the Company;
and (3) the liquidation of the Company within the meaning of
Treasury Regulation &#xA7;1.704-1(b)(2)(ii)(g); provided, however,
that adjustments under clauses (1) and (2) above shall be made only
if the Members have determined that the Company must revalue its
assets in accordance with Treasury Regulation
&#xA7;1.704-1(b)(2)(iv)(f);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Gross Asset Value of any Company asset distributed to any Member
shall be the book value of that asset on the date of distribution;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Gross Asset Value of Company assets shall be increased (or
decreased) to reflect any adjustments to the adjusted tax basis of
those assets under Internal Revenue Code &#xA7;734(b) or
&#xA7;743(b), subject to the limitations imposed by Internal
Revenue Code &#xA7;755 and only to the extent that those
adjustments are taken into account in determining Capital Accounts
under Treasury Regulation &#xA7;1.704-1(b)(2)(iv)(m), and if the
Gross Asset Value of an asset has been determined or adjusted under
paragraph (a), (b), or (d) of <font style="text-decoration: underline">Section 3.11</font>, that Gross Asset
Value shall thereafter be adjusted by the Book Adjustments, if any,
taken into account for the asset for purposes of computing Profits
and Losses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">41</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Incapacity&#x201D;
means with respect to any Person, the bankruptcy, liquidation,
dissolution or termination of such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Indebtedness&#x201D;
means, without duplication, (a) all obligations for borrowed money,
(b)&#xA0;all obligations evidenced by bonds, debentures, notes or
other similar instruments or debt securities, (c) all obligations
under swaps, hedges or similar instruments, (d) all obligations for
the deferred purchase price of any property or services (other than
trade accounts payable and accrued expenses incurred in the
ordinary course of business), (d) all obligations created or
arising under any conditional sale or other title retention
agreement, (f) all obligations secured by a Lien, (g) all
obligations under leases which shall have been or should be, in
accordance with GAAP, recorded as capital leases, (h) all
obligations in respect of bankers&#x2019; acceptances or letters of
credit, (i) all guarantees of any of the foregoing, and (j) all
interest, principal, prepayment penalties, premiums, fees or
expenses due or owing in respect of any item listed in clauses (a)
through (i) above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Indemnified
Party&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 11.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Initial
Public Offering&#x201D; means any initial underwritten sale of Units
or other Equity Securities (or the common stock or other equity
securities of any Person that holds, directly or indirectly, all of
the equity interests of the Company or the successor to the
Company) pursuant to a registration statement filed with, and
declared effective by, the Securities and Exchange Commission on
Form S-1 (or a successor form) under the Securities Act after which
sale of such Units or Equity Securities (or the common stock or
other equity securities of such Person) are (a) listed on a
national securities exchange and (b) registered under the
Securities Exchange Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Investor&#x201D;
means Protair-X Americas, Inc., a Delaware
corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;IRC&#x201D;
or &#x201C;Internal Revenue Code&#x201D; means the Internal Revenue
Code of 1986, as amended, and any successor provision.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Law&#x201D;
means any federal, state and local statute, law (including common
law and the Delaware Act), rule, regulation, code, order,
ordinance, license, writ, injunction, judgment, award (including
awards of any arbitrator) and decree and other legally enforceable
requirement enacted, adopted, issued or promulgated by any
Governmental Authority.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Liquidator&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 9.2</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Liquidation
Preference&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 2.5</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Losses&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 3.2</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Majority of
Members&#x201D; means the Members holding a majority of the Voting
Units then outstanding.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Manager&#x201D;
means, at any time, a then current member of the Board, who will be
deemed a &#x201C;manager&#x201D; (as defined in the Delaware Act),
but will be subject to the rights, obligations and limitations set
forth in this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Member&#x201D;
&#x201C;means each Person identified as a holder of Units on the
Unit Ownership Ledger as of the date hereof who has executed this
Agreement or a counterpart hereof and each Person who is hereafter
admitted as a Member in accordance with the terms of this Agreement
and the Delaware Act, in each case so long as such Person is shown
on the Unit Ownership Ledger as the owner of one or more Units. The
Members shall constitute the &#x201C;members&#x201D; (as that term is
defined in the Delaware Act) of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">42</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Member
Nonrecourse Debt&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 3.3(c)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Member
Nonrecourse Debt Minimum Gain&#x201D; has the meaning specified in
<font style="text-decoration: underline">Section
3.3(d)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Member
Nonrecourse Deductions&#x201D; has the meaning specified in
<font style="text-decoration: underline">Section
3.3(e)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Membership
Interest&#x201D; means a limited liability company interest in the
Company represented by Units, including the right of the holder
thereof to any and all benefits to which such holder may be
entitled as provided in the Delaware Act, this Agreement or
otherwise, together with the obligations of such holder to comply
with all terms and provisions of this Agreement, the Purchase
Agreement and the Delaware Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Nonrecourse
Deductions&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 3.3(f)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Nonrecourse
Liability&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 3.3(g)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Note
Purchase Agreement&#x201D; means the Amended and Restated Note
Purchase Agreement, dated as of August 6, 2015, is made by and
among, Aemetis Advanced Fuels Keyes, Inc, a Delaware corporation,
Aemetis Facility Keyes, Inc., a Delaware corporation, Aemetis,
Inc., a Nevada corporation, the noteholders parties thereto, and
Third Eye Capital Corporation, an Ontario corporation, as agent for
such noteholders (together with its successors and assigns in such
capacity, the &#x201C;Noteholders Agent&#x201D;), as amended,
restated, supplemented or otherwise modified from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Noteholders
Agent&#x201D; has the meaning specified in the definition herein of
&#x201C;Note Purchase Agreement&#x201D;.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Original
Operating Agreement&#x201D; has the meaning specified in Recital B
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Officers&#x201D;
means each person designated as an officer of the Company to whom
authority and duties have been delegated by the Board in accordance
with this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Partnership
Representative&#x201D; has the meaning specified in <font style="text-decoration: underline">Section 6.5</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Percentage
Interest&#x201D; means, as of the date of determination (a) with
respect to any Member and particular class or series of Units, that
percentage corresponding with the ratio that such Member&#x2019;s
relative number of Units within such class or series bears to the
total outstanding number of Units of such class or series held by
all Members and (b) with respect to any Member and all Units, that
percentage corresponding with the ratio that such Member&#x2019;s
relative Membership Interests represented by its Units bears to the
total Membership Interests of all Members represented by their
outstanding Units (disregarding any distinction in the type of
Units), in each case, as set forth in the Units Ownership
Ledger.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Person&#x201D;
means any individual or Entity and, where the context so permits,
the legal representatives, successors in interest and permitted
assigns of such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Principal
Members&#x201D; means the collective reference to (a) Aemetis and
(b) the Investor and its Affiliates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">43</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Proceeding&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 11.2</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Profits&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 3.2</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Project&#x201D;
means the construction of biogas collection from dairy waste ponds
and the transport of such biogas in biogas pipelines to ethanol
plants and natural gas interconnections.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Proxy&#x201D;
means&#xA0;a written authorization signed or an electronic
transmission authorized by a Member or the Member&#x2019;s
attorney-in-fact giving another Person the power to exercise the
voting rights of that Member. A Proxy may not be transmitted
orally.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Purchase
Agreement&#x201D; means the Series A Preferred Unit Purchase
Agreement, dated as of the date hereof, among the Company, the
Investor, and Third Eye Capital Corporation, as agent (together
with its successors and assigns in such capacity, the
&#x201C;Agent&#x201D;), as the same may be amended, restated,
supplemented or otherwise modified from time to time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Qualifying
Liquidity Event&#x201D; means (a) an Initial Public Offering, (b) a
sale, lease, exclusive license or other disposition, in a single
transaction or series of related transactions, of all or
substantially all of the assets of the Company and its Subsidiaries
on a consolidated basis, or (c) the consummation, whether through a
single transaction or series of related transactions, of a merger
or consolidation of the Company with or into another Entity or any
other reorganization or sale of Units or other Equity Securities,
if Persons who were not Members (or Affiliates of Members)
immediately prior to such merger, consolidation, reorganization or
sale own immediately after such merger, consolidation,
reorganization or sale a majority of the voting power of the
outstanding Securities of the continuing or surviving Entity (or,
if the continuing or surviving Entity is a wholly owned Subsidiary
of a Person, any direct or indirect parent of such continuing or
surviving Entity); provided, however, that a Qualifying Liquidity
Event shall not include (x) a transaction if its sole purpose is to
change the jurisdiction of the Company&#x2019;s formation, or (y) a
transaction to transfer the Company&#x2019;s business or assets to
another entity that will be owned in substantially the same
proportions by the Persons who were, directly or indirectly, the
Members immediately before such transaction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Regulations,&#x201D;
&#x201C;Reg,&#x201D; or &#x201C;Treasury Reg&#x201D; means the income
tax regulations promulgated by the United States Department of the
Treasury and published in the Federal Register for the purpose of
interpreting and applying the provisions of the Code, as those
Regulations may be amended from time to time, including
corresponding provisions of applicable successor
regulations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Reserves&#x201D;
means the aggregate of reserve accounts that the Board, in the
Board&#x2019;s sole discretion, deems reasonably necessary to meet
accrued or contingent liabilities of the Company, reasonably
anticipated operating expenses, and working capital
requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Series A
Preferred Unit&#x201D; means a Unit having the rights and
obligations specified with respect to a Series A Preferred Unit in
this Agreement and the Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Series A
Preferred Units Manager&#x201D; has he meaning specified in
<font style="text-decoration: underline">Section
5.2(a)(i)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">44</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Subsidiary&#x201D;
means, as to any Person, any corporation or other entity of which:
(a) such Person or a Subsidiary of such Person is a general partner
or, in the case of a limited liability company, the managing member
or manager thereof; (b) at least a majority of the outstanding
equity or ownership interests having by the terms thereof ordinary
voting power to elect a majority of the board of directors or
similar governing body of such corporation or other entity
(irrespective of whether or not at the time any equity or ownership
interests of any other class or classes of such corporation or
other entity shall have or might have voting power by reason of the
happening of any contingency) is at the time directly or indirectly
owned or controlled by such Person or one or more of its
Subsidiaries; or (c) any corporation or other entity as to which
such Person consolidates for accounting purposes. Unless otherwise
qualified, all references to a &#x201C;Subsidiary&#x201D; or to
&#x201C;Subsidiaries&#x201D; in this Agreement shall refer to a
Subsidiary or Subsidiaries of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Substitute
Member&#x201D; means any Transferee that has been admitted as a
Member of the Company pursuant to <font style="text-decoration: underline">Section 8.4(c)</font> by virtue of
such Transferee receiving all or a portion of a Member&#x2019;s
Units from a Member.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Tax
Item&#x201D; means each item of income, gain, loss, deduction, or
credit of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Transfer&#x201D;
means to, directly or indirectly, sell, transfer, assign, gift,
pledge, encumber, hypothecate, or similarly dispose of, either
voluntarily or involuntarily, by operation of Law or otherwise, or
to enter into any contract, option, or other arrangement or
understanding with respect to the sale, transfer, assignment, gift,
pledge, encumbrance, hypothecation, or similar disposition of, any
Membership Interests owned by a Person or any interest in any
Membership Interests owned by a Person. "Transfer" when used as a
noun, and "Transferred" when used to refer to the past tense, shall
have correlative meanings. "Transferor" and "Transferee" mean a
Person who makes or receives a Transfer, respectively.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Transferable
Interest&#x201D; means the right, as originally associated with a
Person&#x2019;s capacity as a Member, to receive distributions from
the Company in accordance with the terms of this Agreement, whether
or not the Person remains a Member or continues to own any part of
the right.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;UCC&#x201D;
has the meaning specified in <font style="text-decoration: underline">Section 8.1(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Unit&#x201D;
means a unit representing a fractional part of the Membership
Interest of a Member; provided, that any type, class or series of
Unit shall have the privileges, preference, duties, liabilities,
obligations and rights set forth in this Agreement and the Purchase
Agreement, and the Interests represented by such type, class or
series of Unit shall be determined in accordance with such
privileges, preference, duties, liabilities, obligations and
rights.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Unitholder&#x201D;
means any owner of one or more Units as reflected on the
Company&#x2019;s books and records. Any owner who holds one or more
Units but is not also a Member shall not be entitled to exercise
any rights of a Member with respect to such Units, except as
otherwise provided by non-waivable provisions of applicable
Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Unit
Ownership Ledger&#x201D; has the meaning set forth in <font style="text-decoration: underline">Section 2.3</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Voting
Unit&#x201D; means, with respect to a Member, the right to vote or
participate in management and any right to information concerning
the business and affairs of the Company provided under the Delaware
Act, except as limited by the provisions of this Agreement and the
Purchase Agreement. A Member&#x2019;s Voting Unit shall be directly
proportional to that Member&#x2019;s Percentage Interest. The Common
Units and Series A Preferred Units are Voting Units.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">14.2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Construction</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Whenever the
context requires, (a) the gender of all words used in this
Agreement includes the masculine, feminine, and neuter and (b)
terms &#x201C;hereof,&#x201D; &#x201C;herein,&#x201D;
&#x201C;hereby&#x201D; and derivative or similar words refer to this
Agreement, and such words do not refer to the Delaware Act or any
particular section, clause or provision of this Agreement. All
references to a Person include such Person&#x2019;s successors and
permitted assigns. All references to Articles and Sections refer to
articles and sections of this Agreement, and all references to
Exhibits are to exhibits attached hereto, each of which is made a
part hereof for all purposes. The use herein of the word
&#x201C;include&#x201D; or &#x201C;including,&#x201D; when following
any general statement, term or matter, will not be construed to
limit such statement, term or matter to the specific items or
matters set forth following such word or to similar items or
matters, whether or not non-limiting language (such as
&#x201C;without limitation&#x201D; or &#x201C;but not limited
to&#x201D; or words of similar import) is used with reference
thereto, but rather will be deemed to refer to all other items or
matters that fall within the broadest possible scope of such
general statement, term or matter. The term &#x201C;or&#x201D; is not
exclusive. The definitions set forth or referred to in <font style="text-decoration: underline">Section 14.1</font> will apply equally
to both the singular and plural forms of the terms defined and
derivative forms of defined terms will have correlative meanings.
Where any provision in this Agreement refers to action to be taken
by any Person, or which such Person is prohibited from taking, such
provision will be applicable whether such action is taken directly
or indirectly by such Person, including actions taken by or on
behalf of any Affiliate of such Person. All accounting terms used
herein and not otherwise defined herein will have the meanings
accorded them in accordance with GAAP and, except as expressly
provided herein, all accounting determinations will be made in
accordance with GAAP. The parties acknowledge that this Agreement
has been negotiated by such parties with the benefit of counsel
and, accordingly, any principle of Law that provides that any
ambiguity in a contract or agreement shall be construed against the
party that drafted such contract or agreement shall be disregarded
and is expressly waived by all of the parties hereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Signature
Pages Follow]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Aemetis Biogas LLC</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the parties hereto have executed or caused to be
executed this Agreement, effective as of the Effective
Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 288px">
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;"><font style="font-weight: bold; color: #000000; font-size: 13px; font-family: Times New Roman">
</font> <font style="font-family: Times New Roman; font-size: 13px">AEMETIS,
INC.</font><font style="font-weight: bold; color: #000000; font-size: 13px; font-family: Times New Roman"><br>
</font></div>
</td>
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<td style="width: 35%; vertical-align: top">
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:</font></div>
</td>
<td style="width: 35%; vertical-align: top; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/</font>
<font style="color: #000000; font-size: 13px; font-family: Times New Roman">Eric
A. McAfee</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="color: #000000; font-size: 13px; font-family: Times New Roman">Eric
A. McAfee</font></div>
</td>
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Aemetis Biogas LLC</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 288px">
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<font style="font-family: Times New Roman; font-size: 13px">PROTAIR-X AMERICAS,
INC.</font></div>
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<font style="font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
Amended and Restated Limited Liability Company
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<font style="font-family: Times New Roman; font-size: 13px">AEMETIS
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>amtx_ex103.htm
<DESCRIPTION>SECURITY AGREEMENT, DATED AS OF DECEMBER 20, 2018
<TEXT>
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Exhibit 10.3</font></font></div>
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SECURITY AGREEMENT</font></div>
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BY</font></div>
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AEMETIS BIOGAS LLC,</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">as
Grantor</font></div>
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IN FAVOR OF</font></div>
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THIRD EYE CAPITAL CORPORATION,</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">as
agent</font></div>
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DATED AS OF DECEMBER 20, 2018</font></div>
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TABLE OF CONTENTS</font></div>
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<font style="text-decoration: underline; font-family: Times New Roman">P</font><font style="text-decoration: underline">age</font></font></div>
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1</font></div>
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DEFINITIONS</font></div>
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1</font></div>
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1.1</font></div>
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Reference to Security Agreement</font></div>
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1</font></div>
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1.2</font></div>
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Principles of Construction</font></div>
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1</font></div>
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1.3</font></div>
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Definitions</font></div>
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1</font></div>
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2</font></div>
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GRANT OF SECURITY INTEREST</font></div>
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5</font></div>
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2.1</font></div>
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Security Interest</font></div>
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5</font></div>
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2.2</font></div>
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Grantor Remains Liable</font></div>
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6</font></div>
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2.3</font></div>
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Authorization to File Financing Statements</font></div>
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6</font></div>
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2.4</font></div>
</td>
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Limitation</font></div>
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6</font></div>
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3</font></div>
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REPRESENTATIONS AND WARRANTIES</font></div>
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6</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.1</font></div>
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<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Purchase Agreement</font></div>
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<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
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3.2</font></div>
</td>
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Title; Authorization; Enforceability; Perfection</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
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<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.3</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Conflicting Legal Requirements and Contracts</font></div>
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6</font></div>
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3.4</font></div>
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Governmental Authority</font></div>
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6</font></div>
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<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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3.5</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Grantor Information</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
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<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.6</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Property Locations</font></div>
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<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
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<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.7</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Litigation</font></div>
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<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
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<td style="vertical-align: bottom; width: 5%;">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.8</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Financing Statements or Control Agreements</font></div>
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<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.9</font></div>
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Maintenance of Collateral</font></div>
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6</font></div>
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3.10</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Collateral</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.11</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Deposit, Commodity, and Securities Accounts</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.12</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.13</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Letter of Credit Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.14</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Instruments; Chattel Paper; Collateral Notes; and Collateral Note
Security</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.15</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Investment Related Property</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
3.16</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
COVENANTS</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.1</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Transaction Documents</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.2</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
General</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.3</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.4</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Equipment</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.5</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Accounts</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.6</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.7</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Collateral Notes and Collateral Note Security</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.8</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Instruments; Chattel Paper; and Documents</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.9</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Deposit, Commodity, and Securities Accounts</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.10</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Commercial Tort Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.11</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Letters-of-Credit Rights</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr></table>
</div>
<div style="null"><font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="null"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.12</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Fixtures</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.13</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Federal, State or Municipal Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.14</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Collateral Access Agreements</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.15</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Use and Operation of Collateral</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.16</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Certain Proceeds</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
4.17</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Further Assurances</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
REMEDIES UPON TRIGGER EVENT</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.1</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Remedies</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.2</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Grantor&#x2019;s Obligations Upon Trigger Event</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.3</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Condition of Collateral; Warranties</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
11</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.4</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Collection of Receivables</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">11</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.5</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Cash Collateral Account</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.6</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Intellectual Property</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.7</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Record Ownership of Securities</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.8</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Investment Related Property</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.9</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Sales on Credit</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.10</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Application of Proceeds</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
5.11</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Power of Attorney</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
GENERAL PROVISIONS</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">12</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.1</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Recovered Payments</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
12</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.2</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
No Waiver</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.3</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Agent Performance of Grantor&#x2019;s Obligations; Authority of
Agent</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.4</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Waivers</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.5</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Benefit of Agreement</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.6</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Survival</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.7</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.8</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Taxes and Expenses</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.9</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Headings</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.10</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Counterparts</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.11</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Termination</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">13</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.12</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
GOVERNING LAW/VENUE</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.13</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Indemnity</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.14</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
WAIVER OF JURY TRIAL</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6.15</font></div>
</td>
<td style="vertical-align: bottom; width: 87%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
FINAL AGREEMENT</font></div>
</td>
<td style="vertical-align: bottom; width: 8%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
SCHEDULES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 144px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Schedule 3.5</font></font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
Information</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 144px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Schedule 3.6</font></font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Property
Locations</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 144px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Schedule 3.10</font></font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Collateral</font></div>
</div>
</div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 144px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Schedule 3.16</font></font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Intellectual
Property</font></div>
</div>
</div>
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</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SECURITY AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">THIS
<font style="font-weight: bold">SECURITY AGREEMENT</font> (as it
may be amended, restated, supplemented, or otherwise modified from
time to time, this &#x201C;<font style="font-weight: bold; font-style: italic">Security
Agreement</font>&#x201D;) is entered into as of December 20, 2018,
between <font style="font-weight: bold">Aemetis Biogas LLC</font>,
a Delaware limited liability company (&#x201C;<font style="font-weight: bold; font-style: italic">Grantor</font>&#x201D;), and
<font style="font-weight: bold">Third Eye Capital
Corporation</font>, as agent (in such capacity, together with its
successors and assigns, &#x201C;<font style="font-weight: bold; font-style: italic">Agent</font>&#x201D;) for
the Secured Parties (as defined below).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
RECITALS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, Grantor, Agent and Protair-X
Americas, Inc., a Delaware corporation (&#x201C;<font style="font-weight: bold; font-style: italic">Purchaser</font>&#x201D;),
have entered into a Series A Preferred Unit Purchase Agreement,
dated as of the date hereof (as it may be amended, restated,
supplemented, or otherwise modified from time to time, the
&#x201C;<font style="font-weight: bold; font-style: italic">Purchase
Agreement</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, the execution and delivery of
this Security Agreement is required by the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">NOW, THEREFORE</font>, in consideration of the
premises and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto
hereby agree as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
1.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">DEFINITIONS.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
1.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Toc532314323"><!--anchor--></a>Reference to Security
Agreement</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Unless otherwise specified, all references herein to Sections,
Recitals, and Schedules refer to Sections of, and Recitals and
Schedules to, this Security Agreement. All Schedules include
amendments and supplements thereto from time to time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
1.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Principles
of Construction</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. Words used herein, regardless of the number and
gender specifically used, shall be deemed and construed to include
any other number, singular or plural, and any other gender,
masculine, feminine or neutral, as the context indicates is
appropriate. Whenever the words &#x201C;</font><font style="font-style: italic; color: #000000">include,</font><font style="color: #000000">&#x201D; &#x201C;</font><font style="font-style: italic; color: #000000">includes</font><font style="color: #000000">&#x201D; or &#x201C;</font><font style="font-style: italic; color: #000000">including</font><font style="color: #000000">&#x201D; are used in this Security Agreement, they
shall be deemed to be followed by the words
&#x201C;</font><font style="font-style: italic; color: #000000">without
limitation</font><font style="color: #000000">&#x201D;. Any
definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on
such amendments, supplements or modifications set forth in the
Transaction Documents). Furthermore, any reference to any law shall
include all statutory and regulatory provisions consolidating,
amending, replacing, or interpreting such law and any reference to
any law or regulation shall, unless otherwise specified, refer to
such law or regulation as amended, modified, or supplemented from
time to time. The words &#x201C;asset&#x201D; and
&#x201C;property&#x201D; shall be construed to have the same meaning
and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and
contract rights. The words &#x201C;hereof,&#x201D;
&#x201C;herein&#x201D;, &#x201C;hereto&#x201D; and
&#x201C;hereunder&#x201D; and words of similar import when used in
this Security Agreement shall refer to this Security Agreement as a
whole and not to any particular provision of this Security
Agreement, and Section and Schedule references are to this Security
Agreement unless otherwise specified. The meanings given to terms
defined herein shall be equally applicable to both the singular and
plural forms of such terms. Where the context requires, terms
relating to the Collateral or any part thereof shall refer to
Grantor&#x2019;s Collateral or the relevant part
thereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
1.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Definitions</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">.
Unless otherwise defined herein, or the context hereof otherwise
requires, each term defined in either the Purchase Agreement or the
UCC is used in this Security Agreement with the same
meaning;</font> <font style="font-style: italic; color: #000000">provided
that</font><font style="color: #000000">, if the definition given
to such term in the Purchase Agreement conflicts with the
definition given to such term in the UCC, the Purchase Agreement
definition shall control to the extent legally allowable; and if
any definition given to such term in</font> <font style="font-style: italic; color: #000000">Article&#xA0;9</font>
<font style="color: #000000">of the UCC conflicts with the
definition given to such term in any other chapter of the UCC,
the</font> <font style="font-style: italic; color: #000000">Article&#xA0;9</font>
<font style="color: #000000">definition shall prevail. As used
herein, the following terms have the meanings
indicated:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Account</font>&#x201D; means
any &#x201C;<font style="font-style: italic">account</font>,&#x201D;
as such term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(2)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Account
Debtor</font>&#x201D; means any Person who is obligated on a
Receivable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Agent</font>&#x201D; has the
meaning set forth in the preamble of this Security
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Cash Collateral
Account</font>&#x201D; has the meaning set forth in <font style="font-weight: bold; font-style: italic">Section&#xA0;</font><font style="font-weight: bold; font-style: italic">5.5</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Chattel Paper</font>&#x201D;
means any &#x201C;<font style="font-style: italic">chattel
paper</font>&#x201D;, as such term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(11)</font> of the UCC,
including all Electronic Chattel Paper and Tangible Chattel
Paper.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Collateral</font>&#x201D;
has the meaning set forth in <font style="font-weight: bold; font-style: italic">Section&#xA0;</font><font style="font-weight: bold; font-style: italic">2.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Collateral Access
Agreement</font>&#x201D; means any landlord waiver or other
agreement, in form and substance satisfactory to Agent, between
Agent and any third party (including any bailee, consignee, customs
broker, or other similar Person) in possession of any Collateral or
any landlord of any real property where any Collateral is located,
as such landlord waiver or other agreement may be amended,
restated, supplemented or otherwise modified from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Collateral Note
Security</font>&#x201D;<font style="font-weight: bold; font-style: italic">&#xA0;</font>means all
rights, titles, interests, and Liens Grantor may have, be, or
become entitled to under all present and future loan agreements,
security agreements, pledge agreements, deeds of trust, mortgages,
guarantees, or other documents assuring or securing payment of or
otherwise evidencing the Collateral Notes, including those set
forth on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.10</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Collateral
Notes</font>&#x201D; means all rights, titles, and interests of
Grantor in and to all promissory notes and other Instruments
payable to Grantor, including all inter-company notes from the
Affiliates of Grantor and those set forth on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.10</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Collateral
Records</font>&#x201D; means books, records, ledger cards, files,
correspondence, customer lists, blueprints, technical
specifications, manuals, computer software, computer printouts,
tapes, disks and related data processing software and similar items
that at any time evidence or contain information relating to any of
the Collateral or are otherwise necessary or helpful in the
collection thereof or realization thereupon.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Collateral
Support</font>&#x201D; means all property (real or personal)
assigned, hypothecated or otherwise securing any Collateral and
shall include any security agreement or other agreement granting a
Lien or security interest in such real or personal
property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Commercial Tort
Claims</font>&#x201D; means any &#x201C;<font style="font-style: italic">commercial tort claim</font>&#x201D;, as such
term is defined in <font style="font-style: italic">Section&#xA0;9.102(a)(13)</font> of the UCC,
including all commercial tort claims listed on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.10</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Commodity
Account</font>&#x201D; means any &#x201C;<font style="font-style: italic">commodity account</font>&#x201D;, as such term
is defined in <font style="font-style: italic">Section&#xA0;9.102(a)(14)</font> of the UCC,
and all sub-accounts thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Contractual
Obligations</font>&#x201D; means, as to any Person, any provision of
any security issued by such Person or of any agreement,
undertaking, contract, indenture, mortgage, deed of trust or other
instrument, document or agreement to which such Person is a party
or by which it or any of its property is bound.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Control</font>&#x201D; has
the meaning set forth in <font style="font-style: italic">Sections&#xA0;7-106</font>, <font style="font-style: italic">8-106</font>, <font style="font-style: italic">9-104</font>, <font style="font-style: italic">9-105</font>, <font style="font-style: italic">9-106</font>, or <font style="font-style: italic">9-107</font> of the UCC, as
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Copyright
Licenses</font>&#x201D; means any and all agreements providing for
the granting of any right in or to Copyrights (whether a Grantor is
licensee or licensor thereunder), including each agreement referred
to on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.16</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Copyrights</font>&#x201D;
means all United States and foreign copyrights (including Community
designs), including copyrights in software and databases, and all
Mask Works (as defined under 17&#xA0;U.S.C. &#xA7;&#xA0;901 of the
U.S. Copyright Act), whether registered or unregistered, and, with
respect to any and all of the foregoing:&#xA0;&#xA0;(a)&#xA0;all
registrations and applications therefor, including the
registrations and applications referred to on <font style="font-weight: bold; font-style: italic">Schedule 3.16</font>;
(b)&#xA0;all extensions and renewals thereof; (c)&#xA0;all rights
corresponding thereto throughout the world; (d)&#xA0;all rights to
sue for past, present and future infringements thereof; and
(e)&#xA0;all products and Proceeds of the foregoing, including any
income, royalties, and awards and any claim by Grantor against
third parties for past, present, or future infringement of any
Copyright or any Copyright licensed under any Copyright
License.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Default Rate</font>&#x201D;
means a per annum rate of interest equal to the rate of interest
specified in Section 6.9(c) of the Purchase Agreement plus ten
percent (10%), <font style="text-decoration: underline">provided</font> that in no event shall
the Default Rate exceed the maximum rate of interest permitted by
applicable law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Deposit
Accounts</font>&#x201D; means any &#x201C;<font style="font-style: italic">deposit account</font>&#x201D;, as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(29)</font> of the UCC,
including those deposit accounts identified on <font style="font-weight: bold; font-style: italic">Schedule 3.10</font>, and
any account which is a replacement or substitute for any of such
accounts, together with all monies, Instruments, certificates,
checks, drafts, wire transfer receipts, and other property
deposited therein and all balances therein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Document</font>&#x201D;
means any &#x201C;<font style="font-style: italic">document</font>&#x201D;, as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(30)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Electronic Chattel
Paper</font>&#x201D; means any &#x201C;<font style="font-style: italic">electronic chattel paper</font>&#x201D;, as
such term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(31)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Equipment</font>&#x201D;
means: (a)&#xA0;any &#x201C;<font style="font-style: italic">equipment</font>&#x201D;, as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(33)</font> of the UCC;
(b) all machinery, equipment, furnishings, Fixtures, and Vehicles;
and (c) any and all additions, substitutions, and replacements of
any of the foregoing, wherever located, together with all
attachments, components, parts, equipment, and accessories
installed thereon or affixed thereto (in each case, regardless of
whether characterized as equipment under the UCC).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Equity
Interests</font>&#x201D; means (a) shares of capital stock,
partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights
entitling the holder thereof to purchase or acquire any such equity
interest, and (b) all rights to receive dividends and
distributions, all voting rights, all management rights, and all
economic right relating to any of the foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Farm Products</font>&#x201D;
means any &#x201C;farm products&#x201D;, as such term is defined in
<font style="font-style: italic">Section 9-102(a)(34)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Fixtures</font>&#x201D;
means any &#x201C;<font style="font-style: italic">fixtures</font>&#x201D;, as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(41)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">General
Intangibles</font>&#x201D; means: (a)&#xA0;any &#x201C;<font style="font-style: italic">general intangibles</font>&#x201D;, as such
term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(42)</font> of the UCC;
and (b)&#xA0;all interest rate or currency protection or hedging
arrangements, computer software, computer programs, all tax refunds
and tax refund claims, all licenses, permits, concessions and
authorizations, all contract rights, all joint venture interests,
partnership interests, or membership interests that do not
constitute a Security, and all Intellectual Property (in each case,
regardless of whether characterized as general intangibles under
the UCC).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Goods</font>&#x201D; means:
(a) &#x201C;<font style="font-style: italic">goods</font>&#x201D;, as
that term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(44)</font> of the UCC;
(b)&#xA0;all Inventory; and (c)&#xA0;all Equipment (in each case,
regardless of whether characterized as goods under the
UCC).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Grantor</font>&#x201D; has
the meaning set forth in the preamble of this Security
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Indemnified
Party</font>&#x201D; has the meaning specified in <font style="font-weight: bold; font-style: italic">Section
6.13</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Instrument</font>&#x201D;
means any &#x201C;<font style="font-style: italic">instrument</font>&#x201D;, as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(47)</font> of the UCC,
including the Collateral Notes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Intellectual
Property</font>&#x201D; means, collectively, the Copyrights, the
Copyright Licenses, the Patents, the Patent Licenses, the
Trademarks, the Trademark Licenses, the Trade Secrets, and the
Trade Secret Licenses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Inventory</font>&#x201D;
means: (a)&#xA0;any &#x201C;<font style="font-style: italic">inventory</font>&#x201D;, as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(48)</font> of the UCC;
(b)&#xA0;all wrapping, packaging, advertising, and shipping
materials; (c)&#xA0;all goods that have been returned, repossessed,
or stopped in transit; (d)&#xA0;all Documents evidencing any of the
foregoing; and (e)&#xA0;all computer programs embedded in any goods
and all accessions thereto and products thereof (in each case,
regardless of whether characterized as inventory under the
UCC).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Investment Related
Property</font>&#x201D; means: (a) any &#x201C;<font style="font-style: italic">investment property</font>&#x201D;, as such
term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(49)</font> of the UCC;
and (b) all Pledged Equity Interests (regardless of whether such
interest is classified as investment property under the
UCC).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Letter-of-Credit
Right</font>&#x201D; means any &#x201C;<font style="font-style: italic">letter-of-credit right</font>&#x201D;, as such
term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(51)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Money</font>&#x201D; means
&#x201C;<font style="font-style: italic">money</font>&#x201D; as
defined in <font style="font-style: italic">Section&#xA0;1-201(b)(24)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Obligations</font>&#x201D;
has the meaning specified in the Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Patent
Licenses</font>&#x201D; means all agreements providing for the
granting of any right in or to Patents (whether a Grantor is
licensee or licensor thereunder), including each agreement referred
to on <font style="font-weight: bold; font-style: italic">Schedule
3.16</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Patents</font>&#x201D; means
all United States and foreign patents and certificates of
invention, or similar industrial property rights, and applications
for any of the foregoing, including: (a)&#xA0;each patent and
patent application referred to on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.16</font>;
(b)&#xA0;all reissues, divisions, continuations,
continuations-in-part, extensions, renewals, and reexaminations
thereof; (c)&#xA0;all rights corresponding thereto throughout the
world; (d)&#xA0;all inventions and improvements described therein;
(e)&#xA0;all rights to sue for past, present and future
infringements thereof; (f)&#xA0;all licenses, claims, damages, and
Proceeds of suit arising therefrom; and (g)&#xA0;all products and
Proceeds of the foregoing, including any income, royalties, and
awards and any claim by Grantor against third parties for past,
present, or future infringement of any Patent or any Patent
licensed under any Patent License.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Permitted
Liens</font>&#x201D; means:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Liens
for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with
respect thereto are maintained on the books of Grantor in
conformity with GAAP</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;carriers',
warehousemen's, mechanics', materialmen's, repairmen's and other
like Liens imposed by law, arising in the ordinary course of
business and securing obligations that are not overdue by more than
thirty (30) days or are being contested in good faith by
appropriate proceedings;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;pledges
and deposits made in the ordinary course of business in compliance
with workers' compensation, unemployment insurance and other social
security laws or regulations; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;deposits
to secure the performance of bids, trade contracts (other than
Indebtedness), leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature, in
each case in the ordinary course of business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Pledged Equity
Interests</font>&#x201D; means all Equity Interests listed on
<font style="font-weight: bold; font-style: italic">Schedule
3.10</font>, together with any other shares, stock certificates,
options or rights of any nature whatsoever in respect of the Equity
Interests of any Person that may be issued or granted to, or held
by, Grantor while this Security Agreement is in
effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Proceeds</font>&#x201D;
means any &#x201C;<font style="font-style: italic">proceeds</font>,&#x201D; as such term is
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(65)</font> of the UCC
and, in any event, shall include, but not be limited to,
(a)&#xA0;any and all proceeds of any insurance, indemnity,
warranty, or guaranty payable to a Grantor from time to time with
respect to any of the Collateral, (b)&#xA0;any and all payments (in
any form whatsoever) made or due and payable to a Grantor from time
to time in connection with any requisition, confiscation,
condemnation, seizure, or forfeiture of all or any part of the
Collateral by any Governmental Authority (or any Person acting
under color of Governmental Authority), and (c)&#xA0;any and all
other amounts from time to time paid or payable under or in
connection with any of the Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Receivables</font>&#x201D;
means the Accounts, Chattel Paper, Documents, Investment Related
Property, Instruments, or Commercial Tort Claims, and any other
rights or claims to receive Money which are General Intangibles or
which are otherwise included as Collateral, together with all of
the Grantor&#x2019;s rights, if any, in all Collateral Support and
Supporting Obligations related thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Requirement of
Law</font>&#x201D; means, as to any Person, any law (statutory or
common), ordinance, treaty, rule, regulation, order, policy, other
legal requirement or determination of an arbitrator or of a
Governmental Authority, in each case applicable to or binding upon
such Person or any of its property or to which such Person or any
of its property is subject.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Secured
Obligations</font>&#x201D; means:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(a)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">all
Obligations;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(b)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">all costs and
expenses, including all attorneys&#x2019; fees and legal expenses,
incurred by any of the Secured Parties or their Affiliates to
preserve and maintain the Collateral, collect the obligations
herein described, and enforce this Security Agreement or any rights
under the other Transaction Documents;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(c)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">the obligation to
reimburse any amount that Agent (in its sole and absolute
discretion) elects to pay or advance on behalf of Grantor following
the occurrence of any Trigger Event;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(d)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">all amounts owed
under any extension, renewal, or modification of any of the
foregoing; and</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(e)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">any of the
foregoing that arises after the filing of a petition by or against
Grantor under the Bankruptcy Code, even if the obligations due do
not accrue because of the automatic stay under Bankruptcy Code
&#xA7;&#xA0;362 or otherwise;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">in each
case with respect to <font style="font-weight: bold; font-style: italic">clauses (a)</font> through
<font style="font-weight: bold; font-style: italic">(e)</font>
above, whether or not (i) such Secured Obligations arise or accrue
before or after the filing by or against Grantor of a petition
under the Bankruptcy Code, or any similar filing by or against
Grantor under the laws of any jurisdiction, or any bankruptcy,
insolvency, receivership or other similar proceeding, (ii) such
Secured Obligations are allowable under <font style="font-style: italic">Section&#xA0;502(b)(2)</font> of the
Bankruptcy Code or under any other insolvency proceedings, (iii)
the right of payment in respect of such Secured Obligations is
reduced to judgment, or (iv)&#xA0;such Secured Obligations are
liquidated, unliquidated, <font style="color: #000000">similar,
dissimilar, related, unrelated, direct, indirect, fixed,
contingent, primary, secondary, joint, several, or joint and
several</font>, matured, disputed, undisputed, legal, equitable,
secured, or unsecured.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Secured
Parties</font>&#x201D; means the collective reference to Agent,
Purchaser, each holder of Series A Preferred Units, and the
Indemnified Parties.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Securities
Account</font>&#x201D; means any &#x201C;<font style="font-style: italic">securities account</font>&#x201D;, as such term
is defined in <font style="font-style: italic">Section&#xA0;8-501(a)</font> of the UCC, and
all sub-accounts thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Security</font>&#x201D; has
the meaning set forth in <font style="font-style: italic">Section&#xA0;8-102(a)(15)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Supporting
Obligations</font>&#x201D; means all &#x201C;<font style="font-style: italic">supporting obligations</font>&#x201D; as
defined in <font style="font-style: italic">Section&#xA0;9-102(a)(78)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Tangible Chattel
Paper</font>&#x201D; means any &#x201C;<font style="font-style: italic">tangible chattel paper</font>&#x201D;, as such
term is defined in <font style="font-style: italic">Section&#xA0;9-102(a)(79)</font> of the
UCC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trademark
Licenses</font>&#x201D; means any and all agreements providing for
the granting of any right in or to Trademarks (whether a Grantor is
licensee or licensor thereunder), including each agreement referred
to on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.16</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trademarks</font>&#x201D;
means all United States and foreign trademarks, trade names,
corporate names, company names, business names, fictitious business
names, Internet domain names, service marks, certification marks,
collective marks, logos, other source or business identifiers,
designs and general intangibles of a like nature, all registrations
and applications for any of the foregoing,
including:&#xA0;&#xA0;(a)&#xA0;the registrations and applications
referred to on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.16</font>;
(b)&#xA0;all extensions or renewals of any of the foregoing;
(c)&#xA0;all of the goodwill of the business connected with the use
of and symbolized by the foregoing; (d)&#xA0;the right to sue for
past, present and future infringement or dilution of any of the
foregoing or for any injury to goodwill; and (e)&#xA0;all products
and Proceeds of the foregoing, including any income, royalties, and
awards and any claim by Grantor against third parties for past,
present, or future infringement of any Trademark or any Trademark
licensed under any Trademark License.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trade Secret
Licenses</font>&#x201D; means any and all agreements providing for
the granting of any right in or to Trade Secrets (whether a Grantor
is licensee or licensor thereunder), including each agreement
referred to on <font style="font-weight: bold; font-style: italic">Schedule&#xA0;3.16</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trade Secrets</font>&#x201D;
means all trade secrets and all other confidential or proprietary
information and know-how, whether or not such Trade Secret has been
reduced to a writing or other tangible form, including all
documents and things embodying, incorporating, or referring in any
way to such Trade Secret, including: (a)&#xA0;the right to sue for
past, present and future misappropriation or other violation of any
Trade Secret; and (b)&#xA0;all products and Proceeds of the
foregoing, including any income, royalties, and awards and any
claim by Grantor against third parties for past, present, or future
infringement of any Trade Secrets or any Trade Secrets licensed
under any Trade Secret License.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">UCC</font>&#x201D; means the
Uniform Commercial Code as from time to time in effect in the State
of Delaware.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Vehicles</font>&#x201D;
means all present and future automobiles, trucks, truck tractors,
trailers, semi-trailers, or other motor vehicles or rolling stock,
now owned or hereafter acquired by a Grantor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
2.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">GRANT
OF SECURITY INTEREST.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
2.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Ref446581259"><!--anchor--></a>Security
Interest</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. To secure the prompt and complete payment and
performance of the Secured Obligations when due, whether at stated
maturity, by required prepayment, declaration, acceleration, demand
or otherwise (including the payment of amounts that would become
due but for the operation of the automatic stay under</font>
<font style="font-style: italic; color: #000000">Section&#xA0;362(a)</font>
<font style="color: #000000">of the Bankruptcy Code or any similar
provisions of other applicable laws), Grantor hereby grants to
Agent, for the benefit of the Secured Parties, a continuing
security interest in and a lien upon, and hereby assigns to Agent,
for the benefit of the Secured Parties, as security, all personal
property of Grantor, whether now owned or hereafter acquired or
existing, and wherever located (together with all other collateral
security for the Secured Obligations at any time granted to or held
or acquired by Agent, collectively, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Collateral</font><font style="color: #000000">&#x201D;),
including:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Accounts;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Chattel Paper;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Commercial Tort Claims;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Deposit Accounts, Securities Accounts, and Commodity
Accounts;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Documents;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Farm Products;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
General Intangibles;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Goods;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Instruments;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Investment Related Property;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Letter of Credit Rights;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Money;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Fixtures;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Intellectual Property;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Vehicles;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(p)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">to
the extent not otherwise included above, all Collateral Records,
Collateral Support, and Supporting Obligations relating to any of
the foregoing; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(q)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">to
the extent not otherwise included above, all accessions to,
substitutions for, and all replacements, products, Proceeds of the
foregoing, including Proceeds of and unearned premiums with respect
to insurance policies, and claims against any Person for loss,
damage, or destruction of any Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
2.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
Remains Liable</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Notwithstanding anything to the contrary contained herein, (a)
Grantor shall remain liable under the contracts and agreements
included in the Collateral to the extent set forth therein to
perform all of its respective duties and obligations thereunder to
the same extent as if this Security Agreement had not been
executed, (b)&#xA0;the exercise by Agent of any of its rights
hereunder shall not release Grantor from any of its duties or
obligations under the contracts and agreements included in the
Collateral, and (c)&#xA0;Agent shall not have any obligation or
liability under any of the contracts and agreements included in the
Collateral by reason of this Security Agreement, nor shall Agent be
obligated to perform any of the obligations or duties of Grantor
thereunder or to take any action to collect or enforce any claim
for payment assigned hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
2.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Authorization
to File Financing Statements</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. Grantor hereby irrevocably authorizes Agent at
any time and from time to time to file in any jurisdiction any
financing statements and amendments thereto that (a)&#xA0;indicate
the Collateral (i) as all assets of Grantor or words of similar
effect, regardless of whether any particular asset comprised in the
Collateral falls within the scope of</font> <font style="font-style: italic; color: #000000">Article&#xA0;9</font>
<font style="color: #000000">of the UCC, or (ii)&#xA0;as being of
an equal or lesser scope or with greater detail, and
(b)&#xA0;contain any other information required by</font>
<font style="font-style: italic; color: #000000">Article&#xA0;9</font>
<font style="color: #000000">of the UCC for the sufficiency or
filing office acceptance of any financing statement or amendment,
including (A)&#xA0;whether Grantor is an organization, the type of
organization and any organization identification number issued to
Grantor and (B)&#xA0;in the case of a financing statement filed as
a fixture filing or indicating Collateral as as-extracted
collateral or timber to be cut, a sufficient description of real
property to which the Collateral relates. Grantor agrees to furnish
any such information to Agent promptly upon
request.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
2.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Limitation</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
The Obligations secured by this Agreement are limited by Section
6.17(d) of the Purchase Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">REPRESENTATIONS
AND WARRANTIES</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">.</font> <font style="color: #000000">Grantor represents and warrants to Agent on the
date hereof and on the date of each Purchase
that:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Purchase
Agreement</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Certain representations and warranties in the Purchase Agreement
are applicable to Grantor or its assets or operations, and each
such representation and warranty is true and correct.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Title;
Authorization; Enforceability; Perfection</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. (a) Grantor has good and valid rights in and
title to the Collateral free and clear of all Liens except for
Permitted Liens, and has full power and authority to grant to Agent
the security interest in the Collateral; (b)&#xA0;the execution and
delivery by Grantor of this Security Agreement has been duly
authorized, and this Security Agreement constitutes a legal, valid
and binding obligation of Grantor and creates a security interest
in all now owned and hereafter acquired Collateral; and (c)(i) upon
the filing of all UCC financing statements naming Grantor as
&#x201C;</font><font style="font-style: italic; color: #000000">debtor</font><font style="color: #000000">&#x201D; and Agent as &#x201C;secured party&#x201D;
and describing the Collateral in the filing offices set forth
opposite Grantor&#x2019;s name on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.5</font>
<font style="color: #000000">hereof, (ii) upon delivery of all
Instruments, Chattel Paper, certificated Pledged Equity Interests,
and Collateral Notes, (iii) upon sufficient identification of
Commercial Tort Claims, (iv) upon execution of a control agreement
establishing Agent&#x2019;s Control with respect to any Deposit
Account, Securities Account, or Commodity Account, (v)&#xA0;upon
consent of the issuer or any nominated Person with respect to
Letter of Credit Rights, and (vi)&#xA0;to the extent not subject
to</font> <font style="font-style: italic; color: #000000">Article&#xA0;9</font>
<font style="color: #000000">of the UCC, upon recordation of the
security interests granted hereunder in Intellectual Property in
the applicable intellectual property registries, including the
United States Patent and Trademark Office and the United States
Copyright Office, the security interests granted to Agent hereunder
constitute valid and perfected first priority Liens (subject in the
case of priority only to (1)&#xA0;Permitted Liens, and (2)&#xA0;the
rights of the United States government (including any agency or
department thereof) with respect to United States government
Receivables).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Conflicting
Legal Requirements and Contracts</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Neither the execution and delivery by Grantor of this Security
Agreement, the creation and perfection of the security interest in
the Collateral granted hereunder, nor compliance with the terms and
provisions hereof will (a) violate (i) any Requirement of Law
binding on Grantor or its property, (ii) any of Grantor&#x2019;s
organizational documents, or (iii) any Contractual Obligation by
which Grantor, or its property, is bound; or (b)&#xA0;conflict with
or constitute a default under, or result in the creation or
imposition of any Lien pursuant to, the terms of any such
Contractual Obligation (other than any Lien of Agent).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Governmental
Authority</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
No authorization, approval, or other action by, and no notice to or
filing with, any Governmental Authority is required either
(a)&#xA0;for the pledge by Grantor of the Collateral pursuant to
this Security Agreement or for the execution, delivery, or
performance of this Security Agreement by Grantor, or (b)&#xA0;for
the exercise by Agent of the voting or other rights provided for in
this Security Agreement or the remedies in respect of the
Collateral pursuant to this Security Agreement (except as may be
required in connection with the disposition of the Pledged Equity
Interests by legal requirements affecting the offering and sale of
securities generally).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
Information</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. Grantor&#x2019;s exact legal name, jurisdiction
of organization, type of entity, state issued organizational
identification number and the location of its principal place of
business, or chief executive office and of the books and records
relating to the Receivables, are disclosed on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.5</font><font style="color: #000000">;
Grantor does not have any other places of business except those set
forth on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.5</font><font style="color: #000000">.
Except as noted on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.5</font><font style="font-style: italic; color: #000000">&#xA0;</font><font style="color: #000000">hereto,
all such books and records are in Grantor&#x2019;s possession.
Grantor has not done, and does not, do business under any other
name (including any trade-name or fictitious business name) except
for those names set forth on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.5</font><font style="color: #000000">.
Except as provided on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.5</font><font style="color: #000000">,
Grantor has not changed its name, jurisdiction of organization,
principal place of business, or chief executive office or its
organizational structure in any way (e.g., by merger,
consolidation, change in corporate form or otherwise) since its
formation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Property
Locations</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. The Equipment, and Fixtures are located solely
at the locations described on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.6</font>
<font style="color: #000000">and at the Digesters. All of such
locations are owned by a Grantor except for Digesters and locations
which are leased by a Grantor as lessee and designated in</font>
<font style="font-style: italic; color: #000000">Part&#xA0;B</font>
<font style="color: #000000">of</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.6</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Litigation</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
There is no litigation, investigation, or governmental proceeding
threatened against Grantor or any of its properties which if
adversely determined could reasonably be expected to have a
Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">No
Financing Statements or Control Agreements</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Other than the financing statements and control agreements in favor
of Agent with respect to this Security Agreement, there are no
other outstanding financing statements or control agreements
covering any Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Maintenance
of Collateral</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. All tangible Collateral which is necessary to
Grantor&#x2019;s business is in good repair and condition (ordinary
wear and tear excepted), and none of the Collateral is a Fixture
except as specifically referred to herein on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.6</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Collateral</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">.</font>
<font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font>
<font style="color: #000000">accurately lists all Pledged Equity
Interests, Securities Accounts, Commodity Accounts, Deposit
Accounts, Collateral Notes, Collateral Note Security, Commercial
Tort Claims, and all letters of credit, in which Grantor has any
right, title, or interest. All information supplied by Grantor to
Agent with respect to any of the Collateral is true, correct, and
complete in all material respects.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Deposit,
Commodity, and Securities Accounts</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">.</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font>
<font style="color: #000000">correctly identifies all Deposit
Accounts, Commodity Accounts, and Securities Accounts in which a
Grantor has an interest and the institutions holding such accounts.
Grantor is the sole account holder of each such account, and
Grantor has not consented to, and is not otherwise aware of, any
Person (other than Agent) having Control over, or any other
interest in, any such account or the property credited
thereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Receivables.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
Receivable (i) is and will be the legal, valid and binding
obligation of the Account Debtor in respect thereof, representing
an unsatisfied obligation of such Account Debtor, (ii)&#xA0;is and
will be enforceable in accordance with its terms, (iii)&#xA0;is not
and will not be subject to any setoffs, defenses, taxes,
counterclaims (except with respect to refunds, returns and
allowances in the ordinary course of business with respect to
damaged merchandise), and (iv)&#xA0;is and will be in compliance
with all applicable laws, whether federal, state, local or
foreign.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the Account Debtors in respect of any Receivable is the
government of the United States, any agency or instrumentality
thereof, any state or municipality or any foreign
sovereign.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Letter
of Credit Rights</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. All letters of credit to which Grantor has
rights are listed on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font><font style="color: #000000">,
and Grantor has obtained the consent of each issuer or the
nominated Person of any letter of credit to the assignment of the
Proceeds of the letter of credit to Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Instruments;
Chattel Paper; Collateral Notes; and Collateral Note
Security</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. All Instruments and Chattel Paper, including the
Collateral Notes, have been delivered to Agent, together with
corresponding endorsements duly executed by Grantor in favor of
Agent, and such endorsements have been duly and validly executed
and are binding and enforceable against Grantor in accordance with
their terms. Each Collateral Note and the documents evidencing the
Collateral Note Security are in full force and effect; there have
been no renewals or extensions of, or amendments, modifications, or
supplements to, any thereof about which Agent has not been advised
in writing; and no &#x201C;</font><font style="font-style: italic; color: #000000">default</font><font style="color: #000000">&#x201D; or &#x201C;</font><font style="font-style: italic; color: #000000">potential
default</font><font style="color: #000000">&#x201D; has occurred and
is continuing under any such Collateral Note or documents
evidencing the Collateral Note Security, except as disclosed
on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Investment
Related Property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font>
<font style="color: #000000">sets forth all of the Pledged Equity
Interests owned by Grantor and such Pledged Equity Interests
constitute the percentage of issued and outstanding shares of
stock, percentage of membership interests, percentage of
partnership interests or percentage of beneficial interest of the
respective issuers thereof indicated on such
Schedule.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Except
as set forth on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font><font style="color: #000000">,
Grantor has not acquired any Equity Interests of another Person or
substantially all the assets of another Person since the formation
of Grantor.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
is the record and beneficial owner of the Pledged Equity Interests
owned by it free of all Liens, rights or claims of other persons
other than Permitted Liens, and there are no outstanding warrants,
options or other rights to purchase, or shareholder, voting trust
or similar agreements outstanding with respect to, or property that
is convertible into, or that requires the issuance or sale of, any
Pledged Equity Interests.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
consent of any Person, including any member of Grantor, is
necessary or desirable in connection with the creation, perfection
or first priority status of the security interest of Agent in any
Pledged Equity Interests or the exercise by Agent of the voting or
other rights provided for in this Security Agreement or the
exercise of remedies in respect thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the Pledged Equity Interests are or represent interests in
issuers that (i)&#xA0;are registered as investment companies or
(ii)&#xA0;are dealt in or traded on securities exchanges or
markets.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(i)&#xA0;Grantor
has delivered to Agent all certificates, instruments and documents
representing or evidencing the Pledged Equity Interests,</font>
<font style="font-style: italic; color: #000000">together
with</font> <font style="color: #000000">corresponding assignments
or transfer powers duly executed in blank by Grantor, and such
powers have been duly and validly executed and are binding and
enforceable against Grantor in accordance with their terms and
(ii)&#xA0;to the extent such Pledged Equity Interests are
uncertificated, Grantor has taken all actions necessary or
desirable to establish Agent&#x2019;s Control over such Pledged
Equity Interests.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
3.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Intellectual
Property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">All
of the Intellectual Property is subsisting, valid, and enforceable.
The information contained on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.16</font>
<font style="color: #000000">is true, correct, and complete. All
issued Patents, Patent Licenses, Trademarks, Trademark Licenses,
Copyrights, Copyright Licenses, Trade Secret, and Trade Secret
Licenses of Grantor are identified on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.16</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Grantor
is the sole and exclusive owner of the entire and unencumbered
right, title, and interest in and to the Intellectual Property
purported to be owned by Grantor free and clear of any Liens,
including any pledges, assignments, licenses, user agreements, and
covenants by Grantor not to sue third Persons, other
than</font><font style="font-style: italic; color: #000000">&#xA0;</font><font style="color: #000000">Permitted Liens.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">To
the best of Grantor&#x2019;s knowledge, no third party is
infringing, or in Grantor&#x2019;s reasonable business judgment, may
be infringing, any of Grantor&#x2019;s rights under the Intellectual
Property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
has performed and will continue to perform all acts and has paid
and will continue to pay all required fees and taxes to maintain
each and every item of the Intellectual Property in full force and
effect throughout the world, as applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Each
of the Patents and Trademarks identified on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.16</font>
<font style="color: #000000">has been properly registered with the
United States Patent and Trademark Office and in corresponding
offices throughout the world (where appropriate) and each of the
Copyrights identified on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.16</font>
<font style="color: #000000">has been properly registered with the
United States Copyright Office and in corresponding offices
throughout the world (where appropriate).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">To
the best of Grantor&#x2019;s knowledge, no claims with respect to
the Intellectual Property have been asserted and are pending
(i)&#xA0;to the effect that the sale, licensing, pledge, or use of
any of the products of Grantor&#x2019;s business infringes any other
party&#x2019;s valid copyright, trademark, service mark, trade
secret, or other intellectual property right, (ii)&#xA0;against the
use by Grantor of any Intellectual Property used in Grantor&#x2019;s
business as currently conducted, or (iii)&#xA0;challenging the
ownership or use by Grantor of any of the Intellectual Property
that Grantor purports to own or use, nor, to Grantor&#x2019;s
knowledge, is there a valid basis for such a claim described in
this</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;3.16</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">COVENANTS</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">.</font>
<font style="color: #000000">From the date of this Security
Agreement, and thereafter until this Security Agreement is
terminated:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Transaction
Documents</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Grantor shall comply with, perform, and be bound by all covenants
and agreements in the Transaction Documents that are applicable to
it, its assets, or its operations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">General.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Inspection</font><font style="color: #000000">.
Grantor will permit Agent, by its representatives and agents
(i)&#xA0;to inspect the Collateral, (ii) to examine and make copies
of the records of Grantor relating to the Collateral, and (iii) to
discuss the Collateral and the related records of Grantor with, and
to be advised as to the same by, Grantor&#x2019;s officers,
employees, and accountants (and, in the case of any Receivable,
with any Account Debtor), all at such reasonable times and
intervals as Agent may determine, and all at Grantor&#x2019;s
expense.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Records
and Reports; Notification of Potential Trigger Event or Trigger
Event</font><font style="color: #000000">. Grantor will maintain
true, complete, and accurate books and records with respect to the
Collateral, and furnish to Agent such reports relating to the
Collateral at such intervals as Agent shall from time to time
request. Grantor will give prompt notice in writing to Agent of the
occurrence of any Trigger Event or Potential Trigger Event and of
any other development, financial or otherwise, which might
materially and adversely affect the Collateral. Grantor shall mark
its books and records to reflect the security interest of Agent
under this Security Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Schedules</font><font style="color: #000000">.
Grantor shall immediately update any Schedules hereto if any
information therein shall become inaccurate or incomplete. The
failure of property descriptions to be accurate or complete on any
Schedule shall not impair Agent&#x2019;s security interest in such
property.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Financing
Statements and Other Actions; Defense of Title</font><font style="color: #000000">. Grantor will deliver to Agent all financing
statements and execute and deliver control agreements and other
documents and take such other actions as may from time to time be
requested by Agent in order to maintain a first priority perfected
security interest in and, in the case of Investment Related
Property, Deposit Accounts, Letter-of-Credit-Rights, and Electronic
Chattel Paper, Control of, the Collateral. Grantor will take any
and all actions necessary to defend title to the Collateral against
all Persons and to defend the security interest of Agent in the
Collateral and the priority thereof against any Lien not expressly
permitted hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref446581433"><!--anchor--></a><font style="font-weight: bold; color: #000000">Disposition of
Collateral</font><font style="color: #000000">. Grantor will not
sell, lease, license or otherwise dispose of the Collateral except
(i) prior to the occurrence of a Trigger Event, dispositions
specifically permitted pursuant to the Purchase Agreement, (ii)
until such time following the occurrence of a Trigger Event, as
Grantor receives a notice from Agent instructing Grantor to cease
such transactions, sales or leases of Inventory in the ordinary
course of business, and (iii) until such time as Grantor receives a
notice from Agent pursuant to</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">5.4</font><font style="color: #000000">,
Proceeds of Inventory and Accounts collected in the ordinary course
of business.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref446581344"><!--anchor--></a><font style="font-weight: bold; color: #000000">Liens</font><font style="color: #000000">. Grantor will not create, incur, or suffer to
exist any Lien on the Collateral except (i)&#xA0;the security
interest created by this Security Agreement, and (ii) Permitted
Liens.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Change
in Location, Jurisdiction of Organization or
Name</font><font style="color: #000000">. Grantor will not (i)
store, place or hold any Inventory, Equipment, Fixtures, or
Proceeds or products thereof (other than Inventory and Proceeds
thereof disposed of as permitted by</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section</font>
<font style="font-weight: bold; font-style: italic; color: #000000">4.2(e)</font><font style="color: #000000">)
at a location other than a Digester or a location specified
on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule
3.6</font><font style="color: #000000">, (ii) maintain records
relating to the Receivables at a location other than at the
location specified on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule
3.10</font><font style="color: #000000">, (iii) maintain a place of
business at a location other than a location specified on</font>
<font style="font-weight: bold; font-style: italic; color: #000000">Schedule
3.6</font><font style="color: #000000">, (iv)&#xA0;change its name
or taxpayer identification number, (v) change its mailing address,
or (vi) change its jurisdiction of organization, unless Grantor
shall have given Agent not less than thirty (30) days&#x2019; prior
written notice thereof, and Agent shall have determined that such
change will not adversely affect the validity, perfection or
priority of Agent&#x2019;s security interest in the Collateral.
Prior to making any of the foregoing changes, Grantor shall execute
and deliver all such additional documents and perform all
additional acts as Agent, in its sole discretion, may request in
order to continue or maintain the existence and priority of its
security interest in all of the Collateral.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Taxes
and Other Obligations</font><font style="color: #000000">. Grantor
will pay and discharge or otherwise satisfy at or before maturity
or before they become delinquent, as the case may be, all taxes,
assessments and governmental charges or levies imposed upon the
Collateral or in respect of income or profits therefrom, as well as
all claims of any kind (including, without limitation, claims for
labor, materials and supplies) against or with respect to the
Collateral, except that no such charge need be paid if the amount
or validity thereof is currently being contested in good faith by
appropriate proceedings, reserves in conformity with GAAP with
respect thereto have been provided on the books of Grantor and such
proceedings could not reasonably be expected to result in the sale,
forfeiture or loss of any material portion of the Collateral or any
interest therein.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Compliance
with Agreements</font><font style="color: #000000">. Grantor shall
comply with all Contractual Obligations binding on it or affecting
its properties or business.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Compliance
with Legal Requirements</font><font style="color: #000000">.
Grantor shall comply with all applicable Requirements of
Law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Other
Financing Statements</font><font style="color: #000000">. Grantor
will not authorize any other financing statement naming it as
debtor covering all or any portion of the Collateral, except with
respect to Liens permitted by</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">4.2(f)</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Receivables.</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Certain
Agreements on Receivables</font><font style="color: #000000">.
Other than in the ordinary course of business consistent with its
past practice, Grantor will not (i) grant any extension of the time
of payment of any Receivable, (ii) compromise or settle any
Receivable for less than the full amount thereof, (iii) release,
wholly or partially, any Person liable for the payment of any
Receivable, (iv) allow any credit or discount whatsoever on any
Receivable or (v) amend, supplement or modify any Receivable in any
manner that could adversely affect the value
thereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Collection
of Receivables</font><font style="color: #000000">. Except as
otherwise provided in this Security Agreement, Grantor will, at
Grantor&#x2019;s sole expense, collect all amounts due or hereafter
due to Grantor under the Receivables and enforce Grantor&#x2019;s
rights under all Collateral Support or Supporting Obligation with
respect to the Receivables.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Equipment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Maintenance
of Equipment</font><font style="color: #000000">. Grantor will do
all things necessary to maintain, preserve, protect and keep the
Equipment in good repair and working and saleable condition
(ordinary wear and tear excepted).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Insurance</font><font style="color: #000000">.
Grantor will (i)&#xA0;maintain fire and extended coverage insurance
on the Inventory and Equipment containing a lender&#x2019;s loss
payable clause&#xA0;in favor of Agent, and providing that said
insurance will not be terminated except after at least
thirty&#xA0;(30) days&#x2019; written notice from the insurance
company to Agent, (ii)&#xA0;maintain such other insurance on the
Collateral for the benefit of Agent as Agent shall from time to
time request, (iii)&#xA0;furnish to Agent upon the request of Agent
from time to time the originals of all policies of insurance on the
Collateral and certificates with respect to such insurance, and
(iv)&#xA0;maintain general liability insurance naming Agent as an
additional insured.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Certificates
of Title</font><font style="color: #000000">. With respect to any
item of Equipment which is covered by a certificate of title and
indication of a security interest on such certificate is required
as a condition of perfection, upon the request of Agent, the
Grantor shall cause Agent&#x2019;s security interest to be properly
indicated thereon.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Accounts</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Agent shall have the right to make test verifications of the
Receivables in any manner and through any medium that it reasonably
considers advisable, and Grantor shall furnish all such assistance
and information as Agent may require in connection with such test
verifications. At any time and from time to time, upon the
Agent&#x2019;s request and at the expense of Grantor, Grantor shall
cause independent public accountants or others satisfactory to
Agent to furnish to Agent reports showing reconciliations, aging
and test verifications of, and trial balances for, the
Receivables.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Intellectual
Property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Prosecution
of Applications</font><font style="color: #000000">. Grantor shall
prosecute diligently all applications in respect of Intellectual
Property, now or hereafter pending.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Federal
Applications</font><font style="color: #000000">. Except to the
extent not required in Grantor&#x2019;s reasonable business
judgment, Grantor shall make federal applications on all of its
unpatented but patentable inventions and all of its registrable but
unregistered Copyrights and Trademarks.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Maintenance
of Rights</font><font style="color: #000000">. Grantor shall
preserve and maintain all of its material rights in the
Intellectual Property and protect its Intellectual Property from
infringement, unfair competition, cancellation, or dilution by all
appropriate action necessary in Grantor&#x2019;s reasonable business
judgment, including the commencement and prosecution of legal
proceedings to recover damages for infringement and to defend and
preserve its rights in the Intellectual
Property.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">No
Abandonment</font><font style="color: #000000">. Grantor shall not
abandon any of the Intellectual Property necessary to the conduct
of its business in the exercise of Grantor&#x2019;s reasonable
business judgment.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Licenses</font><font style="color: #000000">.
(i) Grantor shall not sell or assign any of its interest in any of
the Intellectual Property without the prior written consent of
Agent; (ii) Grantor shall not grant any license or sublicense with
respect to any of its Intellectual Property without the prior
written consent of Agent; and (iii) Grantor shall maintain the
quality of any and all products and services with respect to which
the Intellectual Property is used.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">No
Conflicting Agreements</font><font style="color: #000000">. Grantor
shall not enter into any agreement, including any licensing
agreement, that is or may be inconsistent with Grantor&#x2019;s
obligations under this Security Agreement or any of the other
Transaction Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Additional
Intellectual Property</font><font style="color: #000000">. Grantor
shall give Agent prompt written notice if Grantor shall obtain
rights to or become entitled to the benefit of any Intellectual
Property not identified on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.16</font><font style="color: #000000">.
Grantor shall execute and deliver any and all Patent Security
Agreements, Copyright Security Agreements, or Trademark Security
Agreements, each in form and substance satisfactory to Agent, as
Agent may request to evidence Agent&#x2019;s Lien on such
Intellectual Property.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Obligation
upon Trigger Event</font><font style="color: #000000">. On and
after the occurrence of a Trigger Event, Grantor shall use its
reasonable efforts to obtain any consents, waivers, or agreements
necessary to enable Agent to exercise its rights and remedies with
respect to the Intellectual Property.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Collateral
Notes and Collateral Note Security</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Without the prior written consent of Agent, Grantor shall not (a)
modify or substitute, or permit the modification, or substitution
of, any Collateral Note or any document evidencing the Collateral
Note Security or (b) release any Collateral Note Security unless
specifically required by the terms thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Instruments;
Chattel Paper; and Documents</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Grantor will (a)&#xA0;deliver to Agent immediately upon execution
of this Security Agreement the originals of all Chattel Paper and
Instruments (if any then exists), (b)&#xA0;hold in trust for Agent
upon receipt and immediately thereafter deliver to Agent any
Chattel Paper and Instruments constituting Collateral,
(c)&#xA0;mark conspicuously all Chattel Paper and Instruments
(other than any delivered to Agent) with an appropriate reference
to the security interest of Agent, and (d)&#xA0;upon Agent&#x2019;s
request, deliver to Agent (and thereafter hold in trust for Agent
upon receipt and immediately deliver to Agent) any Document
evidencing or constituting Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Deposit,
Commodity, and Securities Accounts</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. With respect to any Deposit Account, Commodity
Account, or Securities Account, Grantor shall (a)&#xA0;maintain
such accounts at the institutions described on</font> <font style="font-weight: bold; font-style: italic; color: #000000">Schedule&#xA0;3.10</font>
<font style="color: #000000">or such additional institutions as
have complied with</font> <font style="font-weight: bold; font-style: italic; color: #000000">clause&#xA0;(b)</font>
<font style="color: #000000">hereof; (b) upon the request of the
Agent, deliver to and obtain from each depository bank and security
intermediary a Control agreement in form and substance satisfactory
to Agent which provides that Agent shall have exclusive Control
over such account; and (c) deliver to Agent all certificates or
Instruments, if any, now or hereafter representing or evidencing
such accounts, accompanied by duly executed instruments of transfer
or assignment in blank, all in form and substance reasonably
satisfactory to Agent. If Agent has requested exclusive Control
thereof, Grantor shall not establish or maintain any Deposit
Accounts, Commodity Accounts or Securities Accounts, unless such
accounts are subject to Agent&#x2019;s exclusive
Control.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Commercial
Tort Claims</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
If Grantor at any time holds or acquires a Commercial Tort Claim,
Grantor shall (a)&#xA0;immediately deliver to Agent written
notification of any and all Commercial Tort Claims, including any
and all actions, suits and proceedings before any court or
Governmental Authority by or affecting Grantor; and
(b)&#xA0;execute and deliver such statements, documents and notices
and do and cause to be done all such things as may be required by
Agent, or required by law, including all things which may from time
to time be necessary under the UCC to fully create, preserve,
perfect and protect the priority of Agent&#x2019;s security interest
in any Commercial Tort Claims.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">Letters-of-Credit
Rights</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
If Grantor is at any time a beneficiary under a letter of credit
now or hereafter issued in favor of Grantor, Grantor shall promptly
notify Agent thereof in writing and, at Agent&#x2019;s request,
Grantor shall, pursuant to an agreement in form and substance
satisfactory to Agent, either (a)&#xA0;arrange for the issuer or
any confirmer of such letter of credit to consent to an assignment
to Agent of the Proceeds of any drawing under the letter of credit
or (b)&#xA0;arrange for Agent to become the transferee beneficiary
of the letter of credit, with Agent agreeing, in each case, that
the Proceeds of any drawing under the letter of credit are to be
applied to the Secured Obligations as provided in the Purchase
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Fixtures</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
With respect to any Collateral that is a Fixture or an accession
which has been attached to real estate or other goods prior to the
perfection of the security interest of Agent, the Grantor shall
furnish Agent, upon reasonable demand, a disclaimer of interest in
each such Fixture or accession and a consent in writing to the
security interest of Agent therein, signed by all Persons having
any interest in such Fixture or accession by virtue of any interest
in the real estate or other goods to which such Fixture or
accession has been attached.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Federal,
State or Municipal Claims</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Grantor will notify Agent of any Collateral which constitutes a
claim against a Governmental Authority, or any instrumentality or
agency thereof, the assignment of which claim is restricted by
federal, state or municipal law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Collateral
Access Agreements</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Grantor shall obtain a Collateral Access Agreement from the lessor
of each leased property, mortgagee of owned property or bailee or
consignee with respect to any warehouse, processor or facility or
other location where Collateral is stored or located, which
Collateral Access Agreement shall provide access rights, contain a
waiver or subordination of all Liens or claims that the landlord,
mortgagee, bailee or consignee may assert against the Collateral at
that location, and shall otherwise be reasonably satisfactory in
form and substance to Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Use
and Operation of Collateral</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Grantor agrees to promptly reimburse and pay to Agent, at
Agent&#x2019;s request, the amount of all expenses (including the
cost of any insurance and payment of taxes or other charges)
incurred by Agent in connection with its custody and preservation
of the Collateral, and all such expenses, costs, taxes, and other
charges shall bear interest at the Default Rate until repaid and,
together with such interest, shall be payable by Grantor to Agent
upon demand and shall become part of the Secured Obligations. All
risk of loss or damage to, or diminution in value of, the
Collateral is on Grantor, and Agent shall have no liability
whatever for failure to obtain or maintain insurance, nor to
determine whether any insurance ever in force is adequate as to
amount or as to the risks insured. With respect to the Collateral
that is in the possession of Agent, Agent shall have no duty to
preserve rights against prior parties to such Collateral and shall
never be liable for any failure to use diligence to collect any
amount payable in respect of such Collateral, but shall be liable
only to account to Grantor for what it may actually collect or
receive thereon. The provisions of this Section are applicable
whether or not a Trigger Event has occurred.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Certain
Proceeds</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Notwithstanding any contrary provision herein, if a Trigger Event
shall occur, any and all Proceeds of any Collateral consisting of
cash, checks and other non-cash items shall be part of the
Collateral hereunder, and shall, if received by Grantor, be held in
trust for the benefit of Agent, and shall forthwith be delivered to
Agent (accompanied by any necessary endorsements) to be held
pursuant to this Security Agreement. Any cash Proceeds of the
Collateral which come into the possession of Agent on and after the
occurrence of a Trigger Event (including insurance Proceeds) may,
at Agent&#x2019;s option, be applied in whole or in part to the
Secured Obligations (to the extent then due), be released in whole
or in part to or on the written instructions of Grantor for any
general or specific purpose, or be retained in whole or in part by
Agent as additional Collateral. The provisions of this Section are
applicable whether or not a Trigger Event has
occurred.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Further
Assurances</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
At any time and from time to time, upon the request of Agent, and
at the sole expense of Grantor, Grantor shall promptly execute and
deliver all such further instruments, agreements and documents and
take such further actions as Agent may deem necessary or desirable
(a) to assure Agent that its security interests hereunder are
perfected first priority security interests, and (b) to carry out
the provisions and purposes of this Security Agreement, including
(i) the filing of such financing statements as Agent may require,
(ii) executing control agreements with respect to the Collateral,
in each case naming Agent, as secured party, in form and substance
satisfactory to Agent, (iii) furnishing to Agent from time to time
statements and schedules&#xA0;further identifying and describing
the Collateral and such other reports in connection with the
Collateral as Agent may reasonably request, all in reasonable
detail, (iv) the deposit of all certificates of title issuable with
respect to any of the Collateral and noting thereon Agent&#x2019;s
security interest hereunder, and (v)&#xA0;taking all other actions
required by applicable Requirements of Law. Grantor shall use its
best efforts to obtain any required consents from any Person other
than Grantor and its Affiliates with respect to any permit or
license or any Contractual Obligation with such Person entered into
by Grantor that requires such consent as a condition to the
creation by Grantor of a Lien on any right, title or interest in
such permit, license or Contractual Obligation related thereto. A
carbon, photographic, or other reproduction of this Security
Agreement or of any financing statement covering the Collateral or
any part thereof shall be sufficient as a financing statement and
may be filed as a financing statement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">REMEDIES
UPON TRIGGER EVENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Remedies</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
On and after the occurrence of a Trigger Event, Agent may exercise
any or all of the following rights and remedies:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Contractual
Remedies</font><font style="color: #000000">. Those rights and
remedies provided in this Security Agreement, the Purchase
Agreement, or any other Transaction Document,</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">that</font> <font style="color: #000000">this</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
5.1(a)</font> <font style="color: #000000">shall not limit any
rights or remedies available to Agent prior to the occurrence of a
Trigger Event.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Legal
Remedies</font><font style="color: #000000">. If a Trigger Event
shall occur, Agent, on behalf of the Secured Parties, may exercise,
in addition to all other rights and remedies granted to them in
this Security Agreement and in any other instrument or agreement
securing, evidencing or relating to the Secured Obligations, all
rights and remedies of a secured party under the UCC or any other
applicable law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Disposition
of Collateral</font><font style="color: #000000">. Without notice
except as specifically provided in</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">5.2(c)</font>
<font style="color: #000000">or elsewhere herein, sell, lease,
assign, grant an option or options to purchase or otherwise dispose
of the Collateral or any part thereof in one or more parcels at
public or private sale, for cash, on credit or for future delivery,
and upon such other terms as Agent may deem commercially
reasonable. Neither Agent&#x2019;s compliance with any applicable
state or federal law in the conduct of such sale, nor its
disclaimer of any warranties relating to the Collateral, shall be
considered to affect the commercial reasonableness of such sale.
Grantor hereby waives (to the extent permitted by applicable law)
all rights of redemption, stay and/or appraisal which it now has or
may at any time in the future have under any rule of law or statute
now existing or hereafter enacted.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Distributions</font><font style="color: #000000">.
On and after the occurrence of a Trigger Event, all payments and
distributions made to Grantor upon or with respect to the
Collateral shall be paid or delivered to Agent, and Grantor agrees
to take all such action as Agent may deem necessary or appropriate
to cause all such payments and distributions to be made to Agent.
Agent shall have the right, at any time after the occurrence of any
Trigger Event, to notify and direct any issuer to thereafter make
all payments, dividends, and any other distributions payable in
respect thereof directly to Agent. Such issuer shall be fully
protected in relying on the written statement of Agent that it then
holds a security interest which entitles it to receive such
payments and distributions. Any and all Money and other property
paid over to or received by Agent hereunder shall be retained by
Agent as additional collateral hereunder and may be applied in
accordance with</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">5.10</font>
<font style="color: #000000">hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Use
of Premises</font><font style="color: #000000">. Agent shall be
entitled to occupy and use any premises owned or leased by Grantor
where any of the Collateral or any records relating to the
Collateral are located until the Secured Obligations are paid or
the Collateral is removed therefrom, whichever first occurs,
without any obligation to pay Grantor for such use and
occupancy.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Grantor&#x2019;s
Obligations Upon Trigger Event</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Upon the request of Agent on and after the occurrence of a Trigger
Event, Grantor will:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Assembly
of Collateral</font><font style="color: #000000">. Assemble and
make available to Agent the Collateral and all records relating
thereto at any place or places specified by
Agent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Agent
Access</font><font style="color: #000000">. Permit Agent, and
Agent&#x2019;s representatives and agents, to enter any premises
where all or any part of the Collateral, or the books and records
relating thereto, or both, are located, to take possession of all
or any part of the Collateral and to remove all or any part of the
Collateral.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref446581511"><!--anchor--></a><font style="font-weight: bold; color: #000000">Notice of Disposition of
Collateral</font><font style="color: #000000">. Grantor hereby
waives notice of the time and place of any public sale or the time
after which any private sale or other disposition of all or any
part of the Collateral may be made. To the extent such notice may
not be waived under applicable law, any notice made shall be deemed
reasonable if sent to Grantor, addressed as set forth in</font>
<font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">6.7</font><font style="color: #000000">,
at least ten&#xA0;(10) days prior to (i)&#xA0;the date of any such
public sale or (ii)&#xA0;the time after which any such private sale
or other disposition may be made. Agent shall not be obligated to
make any sale or other disposition of the Collateral regardless of
notice having been given. Subject to the provisions of applicable
law, Agent may postpone or cause the postponement of the sale of
all or any portion of the Collateral by announcement at the time
and place of such sale, and such sale may, without further notice,
to the extent permitted by law, be made at the time and place to
which the sale was postponed, or Agent may further postpone such
sale by announcement made at such time and
place.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Condition
of Collateral; Warranties</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Agent has no obligation to clean-up or otherwise prepare the
Collateral for sale. Agent may sell the Collateral without giving
any warranties as to the Collateral. Agent may disclaim any
warranties of title or the like. This procedure will not be
considered adversely to affect the commercial reasonableness of any
sale of the Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Ref446581420"><!--anchor--></a>Collection of
Receivables</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. On and after the occurrence of a Trigger Event,
Agent may at any time in its sole discretion, by giving Grantor
written notice, elect to require that the Receivables be paid
directly to Agent. In such event, Grantor shall, and shall permit
Agent to, promptly notify the Account Debtors under the Receivables
of Agent&#x2019;s interest therein and direct such Account Debtors
to make payment of all amounts then or thereafter due under the
Receivables directly to Agent. Upon receipt of any such notice from
Agent, Grantor shall thereafter hold in trust for Agent, all
amounts and Proceeds received by it with respect to the Receivables
and immediately and at all times thereafter deliver to Agent all
such amounts and Proceeds in the same form as so received, whether
by cash, check, draft or otherwise, with any necessary
endorsements. Agent shall hold and apply funds so received as
provided by the terms of</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">5.10</font><font style="color: #000000">.
If after the occurrence of a Trigger Event, any Account Debtor
fails or refuses to make payment on any Collateral when due, Agent
is authorized, in its sole discretion, either in its own name or in
the name of Grantor, to take such action as Agent shall deem
appropriate for the collection of any amounts owed with respect to
Collateral or upon which a delinquency exists. Grantor agrees that
Agent may at any time and from time to time, if a Trigger Event has
occurred, compromise with the obligor on any Receivable, accept in
full payment of any Receivable such amount as Agent in its sole
discretion shall determine or abandon any Receivable, and any such
action by Agent shall be commercially reasonable. Regardless of any
other provision hereof, however, Agent shall never be liable for
its failure to collect, or for its failure to exercise diligence in
the collection of, any amounts owed with respect to Collateral, nor
shall it be under any duty whatsoever to anyone except Grantor to
account for funds that it shall actually receive
hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Ref446581237"><!--anchor--></a>Cash Collateral
Account</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. On and after the occurrence of a Trigger Event,
Agent shall have, and Grantor hereby grants to Agent, the right and
authority to transfer all funds on deposit in the Deposit Accounts
to a &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Cash
Collateral Account</font><font style="color: #000000">&#x201D;
(herein so called) maintained with a depository institution
designated by Agent and subject to the exclusive direction,
dominion, and Control of Agent, and no disbursements or withdrawals
shall be permitted to be made by Grantor from such Cash Collateral
Account. Such Cash Collateral Account shall be subject to the
security interest in favor of Agent herein created, and Grantor
hereby grants a security interest to Agent in and to, such Cash
Collateral Account and all checks, drafts, and other items ever
received by Grantor for deposit therein. If a Trigger Event has
occurred, Agent shall have the right, at any time in its discretion
without notice to Grantor, (a) to transfer to or to register in the
name of Agent or nominee any certificates of deposit or deposit
instruments constituting Deposit Accounts and shall have the right
to exchange such certificates or Instruments representing Deposit
Accounts for certificates or Instruments of smaller or larger
denominations and (b) to take and apply against the Secured
Obligations any and all funds then or thereafter on deposit in the
Cash Collateral Account or otherwise constituting Deposit
Accounts.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Intellectual
Property</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
For purposes of enabling Agent to exercise its rights and remedies
under this Security Agreement and enabling Agent and its successors
and assigns to enjoy the full benefits of the Collateral, Grantor
hereby grants to Agent an irrevocable, nonexclusive license
(exercisable without payment of royalty or other compensation to
Grantor) to use, license, or sublicense any of the Intellectual
Property. Grantor shall provide Agent with reasonable access to all
media in which any of the Intellectual Property may be recorded or
stored and all computer programs used for the completion or
printout thereof. This license shall also inure to the benefit of
all successors, assigns, and transferees of Agent. If no Trigger
Event has occurred, Grantor shall have the exclusive,
non-transferable right and license to use the Intellectual Property
in the ordinary course of business and the exclusive right to grant
to other Persons licenses and sublicenses with respect to the
Intellectual Property for full and fair consideration.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Record
Ownership of Securities</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
On and after the occurrence of a Trigger Event, Agent at any time
may have any Collateral that is Pledged Equity Interests and that
is in the possession of Agent, or its nominee or nominees,
registered in its name, or in the name of its nominee or nominees,
as Agent; and, as to any Collateral that is Pledged Equity
Interests so registered, Agent shall execute and deliver (or cause
to be executed and delivered) to the Grantor all such proxies,
powers of attorney, dividend coupons or orders, and other documents
as Grantor may reasonably request for the purpose of enabling
Grantor to exercise the voting rights and powers which it is
entitled to exercise under this Security Agreement or to receive
the dividends and other distributions and payments in respect of
such Collateral that is Pledged Equity Interests or Proceeds
thereof which it is authorized to receive and retain under this
Security Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Investment
Related Property</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. Grantor recognizes that, by reason of certain
prohibitions contained in the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder (collectively,
the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Securities
Act</font><font style="color: #000000">&#x201D;) and applicable
state securities laws, Agent may be compelled, with respect to any
sale of all or any part of the Investment Related Property
conducted without prior registration or qualification of such
Investment Related Property under the Securities Act and/or such
state securities laws, to limit purchasers to those who will agree,
among other things, to acquire the Investment Related Property for
their own account, for investment and not with a view to the
distribution or resale thereof. Grantor acknowledges that any such
private sale may be at prices and on terms less favorable than
those obtainable through a public sale without such restrictions
(including a public offering made pursuant to a registration
statement under the Securities Act) and, notwithstanding such
circumstances, Grantor agrees that any such private sale shall be
deemed to have been made in a commercially reasonable manner and
that Agent shall have no obligation to engage in public sales and
no obligation to delay the sale of any Investment Related Property
for the period of time necessary to permit the issuer thereof to
register it for a form of public sale requiring registration under
the Securities Act or under applicable state securities laws, even
if such issuer would, or should, agree to so register it. If Agent
determines to exercise its right to sell any or all of the
Investment Related Property, upon written request, Grantor shall
and shall cause each issuer of any Pledged Equity Interests to from
time to time to furnish to Agent all such information as Agent may
request in order to determine the number and nature of interest,
and shares included in the Investment Related Property which may be
sold by Agent in exempt transactions under the Securities Act and
the rules and regulations of the Securities and Exchange Commission
thereunder. In case of any sale of all or any part of the
Investment Related Property on credit or for future delivery, such
Collateral so sold may be retained by Agent until the selling price
is paid by the purchaser thereof, but Agent shall not incur any
liability in case of the failure of such purchaser to take up and
pay for such assets so sold and in case of any such failure, such
Collateral may again be sold upon like notice. Agent, instead of
exercising the power of sale herein conferred upon them, may
proceed by a suit or suits at law or in equity to foreclose
security interests created hereunder and sell the Investment
Related Property, or any portion thereof, under a judgment or
decree of a court or courts of competent
jurisdiction.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Sales
on Credit</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
If Agent sells any of the Collateral upon credit, Grantor will be
credited only with payments actually made by the purchaser,
received by Agent, and applied to the indebtedness of the
purchaser. In the event the purchaser fails to pay for the
Collateral, Agent may resell the Collateral and Grantor shall be
credited with the Proceeds of the sale.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Ref446581520"><!--anchor--></a>Application of
Proceeds</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
On and after the occurrence of a Trigger Event, the Proceeds of the
Collateral shall be applied by Agent to payment of the Secured
Obligations in such manner and order as Agent may elect in its sole
discretion. If the Proceeds of any sale or other disposition of the
Collateral are insufficient to pay all of the Secured Obligations,
Grantor shall be liable for the deficiency and the fees of any
attorneys employed by Agent to collect such
deficiency.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
5.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Power
of Attorney</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. Grantor hereby appoints Agent and Agent&#x2019;s
designee as its attorney, with power: (a) to endorse
Grantor&#x2019;s name on any checks, notes, acceptances, money
orders, or other forms of payment or security that come into
Agent&#x2019;s possession; (b) to sign Grantor&#x2019;s name on any
invoice, bill of lading, warehouse receipt, or other negotiable or
non-negotiable Document constituting Collateral, on drafts against
customers, on assignments of Accounts, on notices of assignment,
financing statements, and other public records, and to file any
such financing statements by electronic means with or without a
signature as authorized or required by applicable law or filing
procedure; (c) to notify the post office authorities to change the
address for delivery of Grantor&#x2019;s mail to an address
designated by Agent and to receive, open, and dispose of all mail
addressed to Grantor; (d) to send requests for verification of
Accounts to customers or Account Debtors; (e) to exercise all of
Grantor's rights and remedies with respect to the collection or
enforcement of the Receivables and any other Collateral; (f) to
file such financing statements with respect to this Security
Agreement, with or without Grantor&#x2019;s signature, or to file a
photocopy of this Security Agreement in substitution for a
financing statement, as Agent may deem appropriate and to execute
in Grantor&#x2019;s name such financing statements and amendments
thereto and continuation statements which may require
Grantor&#x2019;s signature; (g) to discharge past due taxes,
assessments, charges, fees or Liens on the Collateral; (h) to
settle, adjust, compromise, extend or renew the Receivables; and
(i) to take all actions necessary to carry out the terms and
provisions of the Purchase Agreement and this Security Agreement.
Grantor ratifies and approves all acts of such attorney. None of
the Secured Parties nor their attorneys will be liable for any acts
or omissions or for any error of judgment or mistake of fact or law
except for their willful misconduct or gross negligence as
determined by a court of competent jurisdiction in final and
non-appealable judgment. This power, being coupled with an
interest, is irrevocable until this Security Agreement is
terminated in accordance with</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
6.11</font><font style="color: #000000">. Agent agrees that, except
for the powers granted in paragraphs (b), (d) and (f) of this
Section, it shall not exercise any power or authority granted to it
unless a Trigger Event has occurred and is continuing. The powers
conferred on Agent, for the benefit of the Secured Parties, under
this</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
5.11</font> <font style="color: #000000">are solely to protect
Agent&#x2019;s and the other Secured Parties&#x2019; interests in the
Collateral and shall not impose any duty upon Agent or any other
Secured Party to exercise any such powers.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">GENERAL
PROVISIONS</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Ref446581829"><!--anchor--></a>Recovered
Payments</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
The Secured Obligations shall be deemed not to have been paid,
observed or performed, and the Secured Obligations shall continue
and not be discharged, to the extent that any payment, observance
or performance thereof by Grantor is recovered from or paid over by
or for the account of Agent for any reason, including as a
preference or fraudulent transfer or by virtue of any subordination
(whether present or future or contractual or otherwise) of the
Secured Obligations, whether such recovery or payment over is
effected by any judgment, decree or order of any court or
governmental agency, by any plan of reorganization or by settlement
or compromise by Agent (whether or not consented to by Grantor) of
any claim for any such recovery or payment over. Grantor hereby
expressly waives the benefit of any applicable statute of
limitations and agrees that it shall be liable hereunder whenever
such a recovery or payment over occurs.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">No
Waiver</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
No delay or omission of Agent to exercise any right or remedy
granted under this Security Agreement shall impair such right or
remedy or be construed to be a waiver of any Trigger Event, or an
acquiescence therein, and any single or partial exercise of any
such right or remedy shall not preclude any other or further
exercise thereof or the exercise of any other right or remedy. No
waiver, amendment or other variation of the terms, conditions or
provisions of this Security Agreement whatsoever shall be valid
unless in writing signed by Agent and then only to the extent in
such writing specifically set forth. All rights and remedies
contained in this Security Agreement or by law afforded shall be
cumulative and all shall be available to Agent until the Secured
Obligations have been paid in full.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">Agent
Performance of Grantor&#x2019;s Obligations; Authority of
Agent</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Without
having any obligation to do so, Agent may perform or pay any
Secured Obligation which Grantor has agreed to perform or pay in
this Security Agreement and Grantor shall reimburse Agent for any
amounts paid by Agent pursuant to this</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
6.3</font><font style="color: #000000">. Grantor&#x2019;s Secured
Obligation to reimburse Agent pursuant to the preceding sentence
shall be a Secured Obligation payable on
demand.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
acknowledges that the rights and responsibilities of the Agent
under this Security Agreement with respect to any action taken by
Agent or the exercise or non-exercise by Agent of any option,
voting right, request, judgment or other right or remedy provided
for herein or resulting or arising out of this Security Agreement
shall, as between Agent and the Secured Parties, be governed by
such agreements with respect thereto as may exist from time to time
among them, but, as between Agent and Grantor, Agent shall be
conclusively presumed to be acting as agent for the Secured Parties
with full and valid authority so to act or refrain from acting, and
Grantor shall not be under any obligation, or entitlement, to make
any inquiry respecting such authority.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Waivers</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Except to the extent expressly otherwise provided herein or in
other Transaction Documents and to the fullest extent permitted by
applicable law, Grantor waives (a) any right to require Agent to
proceed against any other Person, to exhaust its rights in
Collateral, or to pursue any other right which Agent or any other
Secured Party may have; (b)&#xA0;with respect to the Secured
Obligations, presentment and demand for payment, protest, notice of
protest and nonpayment, notice of intent to accelerate, and notice
of acceleration; and (c)&#xA0;all rights of marshaling in respect
of any and all of the Collateral.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Benefit
of Agreement</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
The terms and provisions of this Security Agreement shall be
binding upon and inure to the benefit of Grantor, Agent and the
other Secured Parties and their respective successors and assigns,
except that Grantor shall not have the right to assign any of its
rights or delegate any of its Secured Obligations under this
Security Agreement or any interest herein, without the prior
written consent of Agent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Survival</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">.
All representations and warranties of Grantor contained in this
Security Agreement shall survive the execution and delivery of this
Security Agreement. Without prejudice to the survival of any other
Secured Obligations, the provisions of</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
6.8</font> <font style="color: #000000">and</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
6.13</font> <font style="color: #000000">shall survive the
termination of this Security Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><a name="_Ref446581533"><!--anchor--></a>Notices</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
All notices, requests and demands to or upon Agent or Grantor
hereunder shall be effected in the manner provided for in Section
8.6 of the Purchase Agreement</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Taxes
and Expenses</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
Any taxes (including income taxes) payable or ruled payable by
federal or state authority in respect of this Security Agreement
shall be paid by Grantor, together with interest and penalties, if
any. Grantor shall reimburse Agent for any and all out-of-pocket
expenses and internal charges (including reasonable
attorneys&#x2019;, auditors&#x2019; and accountants&#x2019; fees and
reasonable time charges of attorneys, paralegals, auditors and
accountants who may be employees of Agent) paid or incurred by
Agent in connection with the preparation, execution, delivery, and
administration, of this Security Agreement and in the audit,
analysis, administration, collection, preservation or sale of the
Collateral (including the expenses and charges associated with any
periodic or special audit of the Collateral). In addition, Grantor
shall be obligated to pay all of the costs and expenses incurred by
Agent, including attorneys&#x2019; fees and court costs, in
obtaining or liquidating the Collateral, in enforcing payment of
the Secured Obligations, or in the prosecution or defense of any
action or proceeding by or against Agent or Grantor concerning any
matter arising out of or connected with this Security Agreement,
any Collateral or the Secured Obligations, including any of the
foregoing arising in, arising under or related to a case under any
bankruptcy, insolvency or similar law. Any and all costs and
expenses incurred by Grantor in the performance of actions required
pursuant to the terms hereof shall be borne solely by
Grantor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Headings</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
The title of and section&#xA0;headings in this Security Agreement
are for convenience of reference only, and shall not govern the
interpretation of any of the terms and provisions of this Security
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
6.10</font></font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Counterparts</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
This Security Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one
agreement, and any of the parties hereto may execute this Security
Agreement by signing any such counterpart. Delivery of an executed
counterpart of a signature page of this Security Agreement by
facsimile or other electronic transmission shall be effective as
delivery of a manually executed counterpart of this Security
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Termination</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">.
This Security Agreement shall continue in effect until (a) all
obligations of Grantor to redeem Series A Preferred Units pursuant
to the Purchase Agreement have been indefeasibly paid in full in
cash, (b) all obligations of Purchaser to purchase Series A
Preferred Units pursuant to the Purchase Agreement have terminated
or expired, and (c) all of the Secured Obligations have been
indefeasibly paid and performed in full in cash;</font>
<font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">that</font>
<font style="color: #000000">the termination of this Security
Agreement under this</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;6.11</font>
<font style="color: #000000">is subject to</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">6.1</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">GOVERNING
LAW/VENUE</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">THIS
SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Grantor
hereby irrevocably and unconditionally:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">submits
for itself and its property in any legal action or proceeding
relating to this Security Agreement and the other Transaction
Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the
non-exclusive general jurisdiction of the Courts of the Delaware,
the courts of the United States of America sitting in the State of
Delaware, and appellate courts from any thereof;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">consents
that any such action or proceeding may be brought in such courts
and waives any objection that it may now or hereafter have to the
venue of any such action or proceeding in any such court or that
such action or proceeding was brought in an inconvenient court and
agrees not to plead or claim the same;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">agrees
that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to
such Grantor at its address referred to in</font> <font style="font-weight: bold; font-style: italic; color: #000000">Section
6.7</font> <font style="color: #000000">or at such other address of
which the Agent shall have been notified pursuant
thereto;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">agrees
that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or shall limit the
right to sue in any other jurisdiction; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">waives,
to the maximum extent not prohibited by law, any right it may have
to claim or recover in any legal action or proceeding referred to
in this Section any special, exemplary, punitive or consequential
damages.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">Indemnity</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
GRANTOR DOES HEREBY ASSUME ALL LIABILITY FOR THE COLLATERAL, FOR
THE SECURITY INTEREST OF AGENT, AND FOR ANY USE, POSSESSION,
MAINTENANCE, AND MANAGEMENT OF, ALL OR ANY OF THE COLLATERAL,
INCLUDING ANY TAXES ARISING AS A RESULT OF, OR IN CONNECTION WITH,
THE TRANSACTIONS CONTEMPLATED HEREIN, AND AGREES TO ASSUME
LIABILITY FOR, AND TO INDEMNIFY AND HOLD THE SECURED PARTIES AND
THEIR RESPECTIVE SUCCESSORS, ASSIGNS, AGENTS, ATTORNEYS, AND
EMPLOYEES HARMLESS FROM AND AGAINST, ANY AND ALL CLAIMS, CAUSES OF
ACTION, OR LIABILITY, FOR INJURIES TO OR DEATHS OF PERSONS AND
DAMAGE TO PROPERTY, HOWSOEVER ARISING FROM OR INCIDENT TO SUCH USE,
POSSESSION, MAINTENANCE, AND MANAGEMENT, WHETHER SUCH PERSONS BE
AGENTS OR EMPLOYEES OF GRANTOR OR OF THIRD PARTIES, OR SUCH DAMAGE
BE TO PROPERTY OF GRANTOR OR OF OTHERS.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">GRANTOR SHALL INDEMNIFY EACH SECURED PARTY AND
EACH AFFILIATE THEREOF AND THEIR RESPECTIVE OFFICERS, DIRECTORS,
MANAGERS, EMPLOYEES, ATTORNEYS, AND AGENTS (COLLECTIVELY, THE
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">INDEMNIFIED
PARTIES</font><font style="color: #000000">&#x201D; AND INDUVIDUALLY
AN &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">INDEMNIFIED
PARTY</font><font style="color: #000000">&#x201D;) FROM, AND HOLD
EACH OF THEM HARMLESS AGAINST, ANY AND ALL LOSSES, LIABILITIES,
CLAIMS, DAMAGES, PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND
EXPENSES (INCLUDING ATTORNEYS&#x2019; FEES) TO WHICH ANY OF THEM MAY
BECOME SUBJECT WHICH DIRECTLY OR INDIRECTLY ARISE FROM OR RELATE TO
(A) ANY OF THE TRANSACTION DOCUMENTS INCLUDING THE NEGOTIATION,
EXECUTION, DELIVERY, PERFORMANCE, ADMINISTRATION, OR ENFORCEMENT OF
ANY OF THE TRANSACTION DOCUMENTS, (B) ANY OF THE TRANSACTIONS
CONTEMPLATED BY THE TRANSACTION DOCUMENTS, (C) ANY BREACH BY
GRANTOR OF ANY REPRESENTATION, WARRANTY, COVENANT, OR OTHER
AGREEMENT CONTAINED IN ANY OF THE TRANSACTION DOCUMENTS, (D) ANY
ACTION TAKEN OR NOT TAKEN BY ANY SECURED PARTY (OR ANY TRUSTEE
UNDER ANY COLLATERAL DOCUMENT) THAT IS ALLOWED OR PERMITTED UNDER
ANY OF THE TRANSACTION DOCUMENTS, INCLUDING THE PROTECTION OR
ENFORCEMENT OF ANY LIEN, SECURITY INTEREST, OR OTHER RIGHT, REMEDY,
OR RECOURSE CREATED OR AFFORDED BY THE TRANSACTION DOCUMENTS OR AT
LAW OR IN EQUITY, (E) THE PRESENCE, RELEASE, THREATENED RELEASE,
DISPOSAL, REMOVAL, OR CLEANUP OF ANY HAZARDOUS SUBSTANCE LOCATED
ON, ABOUT, WITHIN, OR AFFECTING ANY OF THE PROPERTIES OR ASSETS OF
GRANTOR, OR (F) ANY INVESTIGATION, LITIGATION, OR OTHER PROCEEDING,
INCLUDING, WITHOUT LIMITATION, ANY THREATENED INVESTIGATION,
LITIGATION, OR OTHER PROCEEDING, RELATING TO ANY OF THE FOREGOING
INCLUDING THOSE BROUGHT OR INITIATED BY GRANTOR. WITHOUT LIMITING
ANY PROVISION OF THIS SECURITY AGREEMENT OR OF ANY OTHER
TRANSACTION DOCUMENT, IT IS THE EXPRESS INTENTION OF THE PARTIES
HERETO THAT THE INDEMNIFIED PARTIES BE INDEMNIFIED FROM AND HELD
HARMLESS AGAINST ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES,
PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING
ATTORNEYS&#x2019; FEES) ARISING OUT OF OR RESULTING FROM THE STRICT
LIABILITY, SOLE CONTRIBUTORY OR ORDINARY NEGLIGENCE OF ANY OF THE
INDEMNIFIED PARTIES, PROVIDED THAT THE INDEMNITY SET FORTH IN THIS
PARAGRAPH SHALL NOT APPLY TO ANY CLAIM CAUSED BY THE GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT OF THE INDEMNIFIED PARTY SEEKING
INDEMNIFICATION AS DETERMINED BY A COURT OF COMPETENT JURISDICTION
IN A FINAL NON-APPEALABLE JUDGMENT.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">AGENT MAY EMPLOY AN ATTORNEY OR ATTORNEYS OF ITS
OWN CHOOSING TO PROTECT OR ENFORCE ITS RIGHTS, REMEDIES, AND
RECOURSES, AND TO ADVISE AND DEFEND THE INDEMNIFIED PARTIES WITH
RESPECT TO THOSE ACTIONS AND OTHER MATTERS. GRANTOR SHALL REIMBURSE
AGENT FOR THE ATTORNEYS&#x2019; FEES AND EXPENSES (INCLUDING
EXPENSES AND COSTS FOR EXPERTS AND/OR CONSULTANTS) OF THE
INDEMNIFIED PARTIES IMMEDIATELY ON RECEIPT OF WRITTEN DEMAND FROM
AGENT, WHETHER ON A MONTHLY OR OTHER TIME INTERVAL, AND WHETHER OR
NOT AN ACTION IS ACTUALLY COMMENCED OR CONCLUDED. ALL OTHER
REIMBURSEMENT AND INDEMNITY OBLIGATIONS UNDER THIS SECURITY
AGREEMENT SHALL BECOME DUE AND PAYABLE WHEN ACTUALLY INCURRED BY
AGENT OR ANY OF THE OTHER THE INDEMNIFIED PARTIES. ANY PAYMENTS NOT
MADE WITHIN TEN (10) DAYS AFTER WRITTEN DEMAND FROM AGENT SHALL
BEAR INTEREST AT THE DEFAULT RATE FROM THE DATE OF THAT DEMAND
UNTIL FULLY PAID. THE PROVISIONS OF THIS</font> <font style="font-weight: bold; font-style: italic; color: #000000">SECTION
6.13</font> <font style="color: #000000">SHALL SURVIVE REPAYMENT
AND PERFORMANCE OF THE SECURED OBLIGATIONS, THE RELEASE OF ANY
LIENS SECURING THE SECURED OBLIGATIONS, ANY FORECLOSURE (OR ACTION
IN LIEU OF FORECLOSURE), THE TRANSFER BY GRANTOR OF ANY OF ITS
RIGHTS, TITLE, AND INTERESTS IN OR TO ANY COLLATERAL SECURING THE
SECURED OBLIGATIONS, AND THE EXERCISE BY ANY SECURED PARTY OF ANY
OR ALL REMEDIES SET FORTH IN ANY TRANSACTION
DOCUMENT.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">WAIVER
OF JURY TRIAL</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">. THE PARTIES ACKNOWLEDGE THAT THE RIGHT TO A
TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT SUCH RIGHT MAY BE
WAIVED. AGENT AND GRANTOR, AFTER CONSULTING (OR HAVING THE
OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR CHOICE, HEREBY
KNOWINGLY, VOLUNTARILY, IRREVOCABLY, AND EXPRESSLY WAIVE TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON
CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING IN ANY WAY
TO ANY OF THE TRANSACTION DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED THEREBY OR THE CONDUCT, ACTS OR OMISSIONS OF SECURED
PARTY AND EACH GRANTOR IN THE NEGOTIATION, ADMINISTRATION, OR
ENFORCEMENT THEREOF. EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO
HAVE BEEN INDUCED TO ENTER INTO THIS SECURITY AGREEMENT AND THE
OTHER TRANSACTION DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS</font> <font style="font-weight: bold; font-style: italic; color: #000000">SECTION
6.14.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
6.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">FINAL
AGREEMENT</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">.
THIS SECURITY AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE
PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-weight: bold; font-variant: small-caps; font-family: Times New Roman; font-size: 13px">
signature pages follow.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">IN WITNESS WHEREOF</font>, Grantor and Agent
have executed and delivered this Security Agreement as of the date
first above written.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<tr>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">GRANTOR:</font></font></font></div>
</td>
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<div><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">AEMETIS
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<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/
<font><font style="font-family: Times New Roman; font-size: 13px;">Eric
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</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Name:
<font><font style="font-family: Times New Roman; font-size: 13px;">Eric
McAfee</font></font> &#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-size: 13px; font-family: Times New Roman">Title:
<font><font style="font-family: Times New Roman; font-size: 13px;">President</font></font>
&#xA0;</font></div>
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</td>
<td style="width: 12%; vertical-align: top;">
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<font style="font-size: 13px; font-family: Times New Roman">Title:
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</td>
<td style="width: 12%; vertical-align: top;">
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