Golden Triangle Energy

15053 Highway 111 * Craig, MO 64437

660.683.5646



Manufacturer of
Grain Neutral Spirits
and Other Ethanol Products

Shares/Units 

 

Members may list their shares/units for sale with our office at Golden Triangle Energy. Anyone wishing to buy shares may contact us and we will then release the seller's contact information.  Any agreement is to be between the buyer and seller as to price, etc.  Please see the unit transfer information from the GTE Operating Agreement below and the unit transfer directions on this website.  For more details, please contact the office at 660-683-5646.

  

Under Article IX, Section 9.1, General Restrictions and 9.2, Right of First Refusal of the Operating Agreement:


Section 9.1 (in part)  No Member may transfer all or any portion of such Member's units, except upon approval granted by the Board of Directors.  A permitted transfer shall be effective as of the date specified in the instruments relating thereto. 


Section 9.2 (in part)  Any Member who desires to transfer all or any portion of such Member's units may transfer all or any portion of such Member's units only after the Selling Member has notified the Board in writing of:  


                    1.)  the number of units Selling Member proposes to transfer pursuant to a  bona fide written offer received from a

                         proposed transferee

                   2.)  the price per unit and terms, if any.

                   3.)  the identity of the proposed transferee

                   4.)  A copy of the written offer from the proposed transferee


In addition to the Board approving or rejecting such transfer, GTE shall have the following rights of refusal:

 

Company Right


The Board shall have the option to cause the Company to purchase all or any portion of the Selling Member’s Units at the same price and on the same terms as those specified in the Written Offer. The Company’s option to purchase the Selling Member’s Units shall be exercised by written notice(the “Company Purchase Notice”) from the Company to the Selling Member within thirty (30) days after the date of receipt by the Company of the Written Offer (the “Company Exercise Period”). If the Company gives the Company Purchase Notice to the Selling Member on or before the end of the Company Exercise Period, then the Company shall purchase and the Selling Member shall sell the Selling Member’s Units identified in the Company Purchase Notice at the per-Unit price and on the terms specified in the Written Offer. The closing date for the sale of the amount of Selling Member’s Units designated in the Company Purchase Notice shall be the date specified by the Company in the Company Purchase Notice, which closing date shall be not later than thirty (30) days after the date of the Company Purchase Notice. The closing shall occur at the principal office of the Company or other place mutually agreeable to the Company and the Selling Member. Notwithstanding anything set forth in this Section 9.2 to the contrary, the Board may, on behalf of the Company, assign the Company’s purchase rights under this Section 9.2 to one or more Persons who shall have the right, but not the obligation, to exercise the Company’s right to acquire a portion or all of the Selling Member’s Units (as determined by the Board) on the same terms and conditions as set forth in Section 9.2.