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Director Annual Retainer

This is an actual contract by Aventine Renewable Energy Holdings.

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Sectors: Chemicals
Effective Date: January 01, 2006
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Exhibit 10.12

Non-Employee Director Compensation Schedule (Effective as of January 1, 2006)

Director Annual Retainer


$35,000 (to be paid in arrears on a quarterly basis)


Annual Restricted Stock Grant


Fair market value on date of grant of $25,000; subject to 3-year vesting Beginning with fiscal year 2007, grant to be made at the first regularly scheduled Board meeting of the year; initial grant was made on April 4, 2006


One-Time Restricted Stock Grant (for newly elected/appointed directors only; directors as of January 1, 2006 not eligible)


Fair market value on date of grant of $75,000;
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