X0303 4 2010-03-01 0 0001373670 BioFuel Energy Corp. BIOF 0001437268 MAGUIRE KELLY G. BIOFUEL ENERGY CORP. 1600 BROADWAY, SUITE 2200 DENVER CO 80202 0 1 0 0 V.P., Finance and CFO Option to Buy 2.76 2010-03-01 4 A 0 150000 0 A 2011-03-01 2015-03-01 Common Stock 150000 335000 D Options vest and become exercisable on the following dates: 45,000 on 03/01/2011; 45,000 on 03/01/2012; and 60,000 on 03/01/2013. Each option will expire upon the earlier of (i) the fifth anniversary of the grant date or (ii) either (x) 90 days after the holder ceases to ben an employee of the Company or any of its affiliates for any reason other than the holder's death or (y) six months after the holder ceases to be an employee by reason of the holder's death. /s/ Kelly Maguire 2010-03-03