NOTE PURCHASE AGREEMENTNote Purchase Agreement • November 26th, 1999 • American Crystal Sugar Co /Mn/ • Sugar & confectionery products
$12,500,000 7.32% Senior Secured Notes, Series A, due August 31, 2018 $15,000,000 7.37% Senior Secured Notes, Series B, due August 31, 2023 $22,500,000 7.42% Senior Secured Notes, Series C, due August 31, 2028
Prepared by MERRILL CORPORATION www.edgaradvantage.com QuickLinks Exhibit 10.27 *Total of Commercial Paper, Seasonal Loan, CCC and other short term loans. Date Approved: 03/05/99 ST. PAUL BANK FOR COOPERATIVES Term Loan Agreement Loan Agreement, Note...Term Loan Agreement • November 26th, 1999 • American Crystal Sugar Co /Mn/ • Sugar & confectionery products
Prepared by MERRILL CORPORATION www.edgaradvantage.com QuickLinks Exhibit 10.28 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into effective as of the 15th day of May, 1998 by and between American Crystal Sugar Company...Employment Agreement • November 26th, 1999 • American Crystal Sugar Co /Mn/ • Sugar & confectionery products • Minnesota
RESTATED MORTGAGE AND SECURITY AGREEMENT Mortgage Short-Term Redemption Dated as of September 15, 1998 From AMERICAN CRYSTAL SUGAR COMPANY (the "Company") To ST. PAUL BANK FOR COOPERATIVES, as Collateral Agent (the "Mortgagee")Mortgage and Security Agreement • November 26th, 1999 • American Crystal Sugar Co /Mn/ • Sugar & confectionery products • Minnesota
Drafted by and after recording, return to: Elizabeth L. Majers, Esq. McDermott, Will & Emery 227 West Monroe Street Chicago, Illinois 60606 Tax statements for the real property described herein and situate in the State of Minnesota should be sent to: American Crystal Sugar Company 101 North Third Street Moorhead, MN 56560 THIS RESTATED MORTGAGE AND SECURITY AGREEMENT-MORTGAGE-SHORT-TERM REDEMPTION dated as of September 15, 1998 (the or this"Mortgage'), is from AMERICAN CRYSTAL SUGAR COMPANY, a Minnesota cooperative corporation (the "Company"), having its principal office at 101 North 3111 Street, Moorhead, Minnesota 56560, to ST. PAUL BANK FOR COOPERATIVES, for itself, and as Collateral Agent for each of the holders of the hereinafter described Senior Secured Notes and the bank lenders which are signatories to the Credit Facility (collectively, the "Banks") (together with its permitted successors and assigns, the "Mortgagee") whose post office address is 375 Jackson Street, St. Paul, M
Prepared by MERRILL CORPORATION www.edgaradvantage.com Exhibit 10.23 UNIFORM MEMBER BEET SUGAR MARKETING AGREEMENT THIS AGREEMENT, Made as of the 1st day of December, 1997, by and between United Sugars Corporation, a cooperative association organized...Uniform Member Beet Sugar Marketing Agreement • November 26th, 1999 • American Crystal Sugar Co /Mn/ • Sugar & confectionery products
Prepared by MERRILL CORPORATION www.edgaradvantage.com QuickLinks Exhibit 10.22 MASTER AGREEMENT BETWEEN AMERICAN CRYSTAL SUGAR COMPANY AND BAKERY, CONFECTIONERY, TOBACCO WORKERS & GRAIN MILLERS AFL-CIO, CLC SUGAR COUNCIL August 1, 1999 to July 31,...Master Agreement • November 26th, 1999 • American Crystal Sugar Co /Mn/ • Sugar & confectionery products
