Variable Investment Advisors, Inc.
AgStockTrade.com
4305 South Louise Avenue, Suite 101A
Sioux Falls, SD 57106-3115
Contract for Sale of Capital Units of Western Plains Energy, LLC (Class A) (Company)
| Date of Agreement | SAMPLE | Transaction ID | WEB000X000X000 |
| Seller or Buyer | SAMPLE | Seller or Buyer | Undisclosed |
| Seller's or Buyer's Address | SAMPLE | ||
| Seller's or Buyer's Phone Number | SAMPLE | Seller's or Buyer's Social Security Number | Undisclosed |
| Number of Capital Units Sold | SAMPLE | Purchase Price Per Capital Unit | SAMPLE |
| Class of Capital Units Sold | A | Total Purchase Price | SAMPLE |
| Company does not require Buyer to have a corn delivery obligation. | |||
SELLER AND BUYER AGREE AS FOLLOWS:
1. Sale. Seller hereby agrees to sell to Buyer and Buyer hereby agrees to purchase from Seller, the Capital Units, subject to the terms and conditions set forth below. Buyer and Seller agree that this Agreement is irrevocable and may only be cancelled if the Company's Board of Managers fails to approve the transfer as required by the terms of the Operations Manual. Seller certifies that Seller is the sole owner of and has the right to sell the Capital Units, subject to the provisions of the Company's Articles of Organization, Operating Agreement and Capital Units Transfer System.
2. Purchase Price. Upon the execution of this Agreement by Buyer, Buyer shall pay the purchase price to First State Bank (Escrow Agent), having its principal office located at 707 Main Street, PO Box 129, Wilmot, South Dakota 57279-0129, by check payable to First State Bank, bank money order or wire transfer of funds. The Escrow Agent shall deposit the funds in a non-interest bearing account until the sale transaction is approved by the Company's Board of Managers. If the sale transaction is not approved by the Company's Board of Managers, the Escrow Agent shall return the funds to the Buyer. If the sale transaction is approved by the Company's Board of Managers, the Escrow Agent shall release the funds to the Seller less the Escrow Agent's fee and expenses.
3. Payment and Other Obligations. Upon the execution of this Agreement by Buyer, Buyer shall deliver to the Escrow Agent within fifteen (15) days from Date of Agreement, the Buyer's check, bank money order, or complete the wire transfer. Also within fifteen (15) days from Date of Agreement, the Seller and Buyer shall execute and return their respective copies of this Agreement to WPE LLC, 3022 Country Road 18, Oakley, Kansas 67748-6064. Seller and Buyer agree that if either party fails to abide by the terms of this Agreement, either party shall have any and all available remedies provided under law.
4. Condition Precedent. Seller and Buyer acknowledge that if the Company's Board of Managers does not approve this sale transaction, this Agreement shall be null and void and the Buyer and Seller shall be released from all liability hereunder.
5. Closing Date. Upon approval by the Company's Board of Managers and the release of the funds by the Escrow Agent, all right, title, and interest of the Seller in the Capital Units and all incidents of ownership thereof shall be transferred to the Buyer and transferred on the books of said Company, effective upon the first day of the next calendar quarter. The Buyer and Seller understand and agree that the record owner of the Capital Units on the record date for any distribution approved by the Company's Board of Managers shall be entitled to the distribution, notwithstanding the date of this Agreement.
6. Binding Agreement. The Agreement shall be binding upon the parties, their heirs, successors, and assigns, and is governed by the laws of the State of South Dakota.
7. Unsolicited Order. Both Seller and Buyer acknowledge that they entered into this Agreement voluntarily. Neither VIA or AgStockTrade.com has solicited or recommended the suitability of this transaction to either party.
8. Attorney's Fees. In the event that any action is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all sums that either party may be called upon to pay, a reasonable sum for the successful party's attorney's fees.
9. Escrow Agent Fees. Seller agrees to pay the Escrow Agent a fee of Two Percent (2%) or a minimum of One Hundred Fifty Dollars ($100.00) to be withheld from the sale proceeds. The Seller acknowledges that a portion of this fee is payable to VIA, the operator of the Trading Service.
10. Release. Seller and Buyer agree to release, indemnify and hold harmless VIA, the Company and the Escrow Agent for any acts any of them may take in furtherance of this Agreement. All parties acknowledge that in the event of a conflict arising between Seller and Buyer, the Escrow Agent has the full right and authority to deposit any monies held by it with a state circuit court pursuant to South Dakota statute. Any legal action involving either VIA and/or the Escrow Agent shall be brought exclusively in the Circuit Court, Minnehaha County, South Dakota.
11. Authorization. Seller and Buyer hereby authorize the Company to furnish to VIA information as is necessary to facilitate the transfer of the Capital Units.
12. Counterparts. This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be an original, but all such counterparts shall constitute one and the same instrument. As used herein, the term "counterparts" shall include full copies of this Agreement signed and delivered by facsimile transmission, as well as photocopies of such facsimile transmissions.
13. Delivery Requirements. None.
| BUYER(S) for TRANSACTION ID: WEB000X000X000 | |||
| FOR INDIVIDUALS AND JOINT TENANTS | FOR BUSINESS ENTITIES | ||
| Signature | Date | Name of Business Entity |
|
| Signature (if necessary) | Date | Signature and Title of Authorized Representative |
|
| DOCUMENTATION REQUIREMENTS OF BUYER | |
1. Please indicate your method of payment: [ ]
Check [ ] Money Order [ ] Wire Transfer (ABA # 091407667) |
OR
| SELLER(S) for TRANSACTION ID: WEB000X000X000 | |||
| FOR INDIVIDUALS AND JOINT TENANTS | FOR BUSINESS ENTITIES | ||
| Signature | Date | Name of Business Entity |
|
| Signature (if necessary) | Date | Signature and Title of Authorized Representative |
|
| DOCUMENTATION REQUIREMENTS OF SELLER | |
Within fifteen (15) days from Date of Agreement, sign and return this Contract for Sale (including page 1 through signature page) and related Capital Unit Certificates (or affidavit of lost certificate) to WPE LLC, 3022 Country Road 18, Oakley, Kansas 67748-6064. |
Contract Version Date: 02/01/2008
THE TRANSMITTAL PAGE PROVIDED TO BUYER ONLY
Within 15 days from Date of Agreement, detach here and send this Transmittal with your check or bank money order.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - -
Check or Bank Money Order Transmittal
| Date: | __________________ |
| To: | Escrow Agent |
| First State Bank | |
| PO Box 129 | |
| Wilmot, SD 57279-0129 | |
| Subject: | Purchase of Sale of Capital Units of Western Plains Energy, LLC (Class A) |
| Date of Agreement | SAMPLE | Transaction ID | WEB000X000X000 |
| Buyer | SAMPLE | Seller | Undisclosed |
| Buyer's Address | SAMPLE | ||
| Buyer's Phone Number | SAMPLE | Social Security Number | Undisclosed |
| Number of Capital Units Sold | A | Purchase Price Per Capital Unit | SAMPLE |
| Class of Capital Units Sold | SAMPLE | Total Purchase Price | SAMPLE |
| Company does not require Buyer to have a corn delivery obligation. | |||
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Your Business Receipt
Variable Investment Advisors, Inc.
AgStockTrade.com
4305 South Louise Avenue, Suite 101A
Sioux Falls, SD 57106-3115
Contract for Sale of Capital Units of Western Plains Energy, LLC (Class A) (Company)
| Date of Agreement | SAMPLE | Transaction ID | WEB000X000X000 |
| Seller or Buyer | SAMPLE | Seller or Buyer | Undisclosed |
| Seller's or Buyer's Address | SAMPLE | ||
| Seller's or Buyer's Phone Number | SAMPLE | Seller's or Buyer's Social Security Number | Undisclosed |
| Number of Capital Units Sold | SAMPLE | Purchase Price Per Capital Unit | SAMPLE |
| Class of Capital Units Sold | A | Total Purchase Price | SAMPLE |
| Company does not require Buyer to have a corn delivery obligation. | |||