(a)

Separate or individual property. (In community property states, if the purchaser is married, his (her) spouse must submit written consent if community funds will be used to purchase the Preferred Units.)

(b)

Husband and Wife as community property. (Community property states only. Husband and Wife should both sign all required documents unless advised by their attorney that one signature is sufficient.)

(c)

Joint Tenants with right of survivorship. (Both parties must sign all required documents unless advised by their attorneys that one signature is sufficient.)

(d)

Tenants in Common. (Both parties must sign all required documents.)

(e)

Trust. (Attach copy of trust instrument and include name of trust, name of trustee and date trust was formed.)

(f)

X

Partnership or Limited Liability Company. (Attach copy of partnership or operating agreement and include evidence of authority for person who executes required documents.)

(g)

Other (indicate):

Subscriber’s Signature:

/s/ Steve A. Christensen

Date:

6-29

, 2018

Subscriber’s Signature

Date:

, 2018

1. I have had and continue to have the opportunity to personally obtain from the Company any information, to the extent possessed or obtainable without unreasonable effort and expense, necessary to evaluate the merits and risks of the proposed investment in the Company and the Preferred Units, and I have concluded, based on the information presented to me, my own understanding of investments of this nature and of this investment in particular, and the advice of such consultants as I have deemed appropriate, that I wish to subscribe for the Preferred Units indicated on the first page of this Subscription Agreement.

2. My overall commitment to investments that are not readily marketable is not disproportionate to my individual net worth, and my investment in the Preferred Units will not cause such overall commitment to become excessive. I have adequate means of providing for my financial requirements, both current and anticipated, and have no need for liquidity in this investment. I can bear and am willing to accept the economic risk of losing my entire investment in the Preferred Units.

3. I acknowledge that the sale of the Preferred Units has not been accompanied by any disclosure or information statement, the publication of any advertisement, any general solicitation or as the direct result of an investment seminar sponsored by the Company or any of its affiliates.

4. All information that I have provided to the Company herein concerning my suitability to invest in the Preferred Units is complete, accurate and correct as of the date of my signature on the last page of this Subscription Agreement. I hereby agree to notify the Company immediately of any material change in any such information occurring prior to the acceptance of this Subscription Agreement, including any information about changes concerning my net worth and financial position.

5. I have had the opportunity to ask questions of, and receive answers from, the Company and its managers, officers, and employees concerning the Company, the formation or operation of the Company or terms and conditions of the offering of the Preferred Units. I have been provided with all materials and information requested by either me or others representing me, including any information requested to verify any information furnished to me.

6. I am purchasing the Preferred Units for my own account and for investment purposes only and have no present intention, understanding or arrangement for the distribution, transfer, assignment, resale or subdivision of the Preferred Units. I understand that, due to the restrictions referred to in Paragraph 7 below, and the lack of any market existing or to exist for the Preferred Units, my investment in the Company will be highly illiquid and may have to be held indefinitely.

7. I am not relying on any communication (written or oral) of the Company or any of its affiliates, as investment or tax advice or as a recommendation to purchase the Preferred Units. I do not consider information and explanations related to the terms and conditions of the Preferred Units provided in the LLC Agreement or otherwise by the Company or any of its affiliates to be investment or tax advice or a recommendation to purchase the Preferred Units, and I understand that neither the Company nor any of its affiliates is acting or has acted as an advisor to me in deciding to invest in the Preferred Units. I acknowledge that neither the Company nor any of its affiliates has made any representation regarding the proper characterization of the Preferred Units for purposes of determining my authority to invest in the Preferred Units.

8. I understand that legends will be placed on certificates, if any, evidencing the Preferred Units with respect to restrictions on distribution, transfer, resale, assignment or subdivision of the Preferred Units imposed by applicable federal and state securities laws. I am fully aware that the Preferred Units subscribed for hereunder have not been registered with the Securities and Exchange Commission in reliance on an exemption specified in Regulation D, which reliance is based in part upon my representations set forth herein. I understand that the Preferred Units subscribed for herein have not been registered under applicable state securities laws and are being offered and sold pursuant to the exemptions specified in said laws, and unless they are registered, they may not be re-offered for sale or resold except in a transaction or as a security exempt under those laws.

9. I hereby acknowledge receipt of the Limited Liability Company Agreement of Harvestone Group, LLC, dated May 31, 2018 (the “LLC Agreement”), and have reviewed the terms of the LLC Agreement.  I hereby adopt the LLC Agreement as a member of the Company and hereby grant a power of attorney to any officer of the Company to execute the LLC Agreement on my behalf, as evidenced by my signature hereto.

10. This Subscription Agreement shall be construed in accordance with and governed by the laws of the State of Delaware without regard to its choice of law provisions, except as to the type of registration of ownership of Preferred Units, which shall be construed in accordance with the state of principal residence of the subscribing investor.

11. THE Preferred UNITS OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATES OR ANY OTHER JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS, THE Preferred UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE Preferred UNITS HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

12. I hereby covenant and agree that any dispute, controversy or other claim arising under, out of or relating to this Agreement or any of the transactions contemplated hereby, or any amendment thereof, or the breach or interpretation hereof or thereof, shall be determined and settled in binding arbitration in the County of Davidson, State of Tennessee, in accordance with the rules and procedures of The American Arbitration Association. The prevailing party shall be entitled to an award of its reasonable costs and expenses, including but not limited to, attorneys’ fees, in addition to any other available remedies. Any award rendered therein shall be final and binding on each and all of the parties thereto and their personal representatives, and judgment may be entered thereon in any court of competent jurisdiction.

13. I hereby agree to indemnify, defend and hold harmless the Company and all of its managers, officers, employees, affiliates and advisors, from any and all damages, losses, liabilities, costs and expenses (including reasonable attorneys’ fees and costs) that they may incur by reason of my failure to fulfill all of the terms and conditions of this Subscription Agreement or by reason of the untruth or inaccuracy of any of the representations, warranties or agreements contained herein or in any other documents I have furnished to any of the foregoing in connection with this transaction.  This indemnification includes, but is not limited to, any damages, losses, liabilities, costs and expenses (including attorneys’ fees and costs) incurred by the Company, its directors, managers, officers, employees, affiliates and advisors, defending against any alleged violation of federal or state securities laws which is based upon or related to any untruth or inaccuracy of any of the representations, warranties or agreements contained herein or in any other documents I have furnished in connection with this transaction.

14. I hereby acknowledge and agree that: (a) I may not transfer or assign this Subscription Agreement, or any interest herein, and any purported transfer shall be void; (b) I am not entitled to cancel, terminate or revoke this Subscription Agreement once I execute and deliver to the Company this Subscription Agreement and this Subscription Agreement will be binding on my heirs, successors and personal representatives; provided, however, that if the Company rejects this Subscription Agreement, this Subscription Agreement shall be automatically canceled, terminated and revoked; (c) notwithstanding subsection (b) above, I hereby acknowledge that the Company shall not accept this Subscription Agreement until the closing date of the offering of the Preferred Units; (d) this Subscription Agreement constitutes the entire agreement among the parties hereto with respect to the sale of the Preferred Units and may be amended, modified or terminated only by a writing executed by all parties (except as provided herein with respect to rejection of this Subscription Agreement by the Company); (e) within five days after receipt of a written request from the Company, the undersigned agrees to provide such information and to execute and deliver such documents as may be necessary to comply with any and all laws and regulations to which the Company is subject; and (f) the representations and warranties of the undersigned set forth herein shall survive the sale of the Preferred Units pursuant to this Subscription Agreement.

A.

REGISTRATION

INFORMATION

Please print the exact name (registration) investor desires on account:

Granite Falls Energy, LLC

Mailing address:

15045 Hwy 23 SE

Granite Falls, MN 56241

E-mail address:

schristensen@granitefallsenergy.com

B.

DISTRIBUTION

ADDRESS

Please indicate to whom distributions should be sent, if not to the address set forth in A. above.

Name:

Address:

Account Number:

C.

INVESTOR

INFORMATION

Please send all investor correspondence to the following:

Name:

Stacie Schuler, CFO

Address:

- same -

Investor Phone:

Business:

(320) 564-3100

Home:

(    )

Primary State of Residence:

MN

Social Security or Federal Tax ID Number:

D.

SIGNATURES

THE UNDERSIGNED HAS THE AUTHORITY TO ENTER INTO THIS SUBSCRIPTION AGREEMENT ON BEHALF OF THE PERSON(S) OR ENTITY REGISTERED IN A. ABOVE.

Executed this 29th day of June, 2018

/s/ Steve A. Christensen

Signature (Investor, or authorized signatory)

E.

SUBMIT

SUBSCRIPTION

Make check payable to “Harvestone Group, LLC” or wire the Subscription Price to:

Account Name:  Harvestone Group, LLC

Account Number:

Bank Name: First Tennessee Bank

Bank ABA Routing Number:

Mail the executed Subscription Agreement and check (if applicable) to:

Harvestone Group, LLC

840 Crescent Center Drive, Suite 540

Franklin, Tennessee 37067

Attn:  Chad Martin, Manager

/s/ Chad Martin

By:

Chad Martin

Its:

Manager