AVENTINE RENEWABLE ENERGY HOLDINGS, INC.
2010 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT AGREEMENT
This Restricted Stock Unit Agreement (the “ Agreement ”), effective as of the 15th day of March, 2010
(the “ Date of Grant ”) by and between Aventine Renewable Energy Holdings, Inc. (the “ Company ”), and
Thomas Manuel (the “ Participant ”), evidences the grant by the Company of restricted Common Share units
(the “ Award ”) to the Participant on such date and the Participant’s acceptance of the Award in accordance
with the provisions of the Company’s 2010 Equity Incentive Plan (the “ Plan ”). The Company and the
Participant agree as follows:
1. Basis for Award . This Award is made under the Plan pursuant to Section 9 thereof for services to be
rendered to the Company by the Participant.
2. Restricted Stock Units Awarded .
(a) The Company hereby awards to the Participant, in the aggregate, 128,250 restricted Common
Share units (“ Restricted Stock Units ”), which shall be subject to the terms of the Plan and this
(b) The Restricted Stock Units shall be credited to a separate account maintained for the Participant
on the books of the Company (the “Account” ). The Award shall vest and settle in accordance
with Section 3 hereof.
3. Vesting and Settlement .
(a) The Restricted Stock Units shall vest and become non-forfeitable with respect to (i) 21,375
Restricted Stock Units on Date of Grant, (ii) an additional 21,375 on the first anniversary of the
Date of Grant; (iii) an additional 42,750 on the second anniversary of the Date of Grant, and
(iv) the remaining 42,750 Restricted Stock Units on December 31, 2010; provided , that , the
Participant is then employed by the Company. Except as set for