ContractLLC Unit Pledge Agreement • July 1st, 2005 • Dakota Growers Pasta Co Inc • Miscellaneous food preparations & kindred products • North Dakota
This LLC Unit Pledge Agreement (the “Agreement”) is made effective as of May 31, 2005, between and among B-New, LLC, an Ohio limited liability company (“BNEW”), TechCom Group, LLC, a Florida limited liability company (“TechCom”), Buhler, Inc., a Minnesota corporation (“Buhler”), (individually a “Pledgor” and collectively the “Pledgors”), and Dakota Growers Pasta Company, Inc., a North Dakota corporation (hereinafter the “Lender”).
PROMISSORY NOTEDakota Growers Pasta Co Inc • July 1st, 2005 • Miscellaneous food preparations & kindred products
This Note shall be payable in a monthly installment of interest only on the thirtieth day of the month following the month hereof and continuing on the 30th day of each succeeding month until the Note is paid in full. The unpaid principal balance, together with all accrued and unpaid interest, if not sooner paid, shall be due and payable in full on May 31, 2010. In addition to the interest, payment of the principal amounts outstanding from time to time shall commence upon the earlier to occur of a) ten (10) months after the date of the first advance from the Lender to the Borrower pursuant to this Promissory Note and the associated Loan Agreement and b) the principal amount outstanding under this Promissory Note and the associated Loan Agreement equals the maximum loan amount of Five Million Dollars ($5,000,000). The date of the earlier event to occur of a) or b) above shall be referred to as the “Principal Reduction Date”. Commencing thirty (30) days after the end of the calendar mont
ContractLine of Credit Loan Agreement • July 1st, 2005 • Dakota Growers Pasta Co Inc • Miscellaneous food preparations & kindred products • North Dakota
THIS 2005 LINE OF CREDIT LOAN AGREEMENT (this “Agreement” or “Loan Agreement”) is made effective this 31st day of May 2005, by and between DNA Dreamfields Company, LLC, an Ohio limited liability company (the “Borrower”) and Dakota Growers Pasta Company, Inc., a North Dakota corporation (the “Lender”).
MEMBERSHIP UNIT PURCHASE AGREEMENTMembership Unit Purchase Agreement • July 1st, 2005 • Dakota Growers Pasta Co Inc • Miscellaneous food preparations & kindred products • Ohio
This MEMBERSHIP UNIT PURCHASE AGREEMENT (the “Purchase Agreement”), effective as of May 1, 2005, among and between Dakota Growers Pasta Company, Inc., a North Dakota corporation (“Dakota”), B-New, LLC, an Ohio limited liability company (“BNEW”), TechCom Group, LLC, a Florida limited liability company (“TechCom”), and Buhler, Inc., a Minnesota corporation (“Buhler”) (Dakota, BNEW, TechCom and Buhler may be referred to herein as a “Member” and collectively as the “Members”).
OPERATING AGREEMENTOperating Agreement • July 1st, 2005 • Dakota Growers Pasta Co Inc • Miscellaneous food preparations & kindred products • Ohio
THIS AMENDED AND RESTATED OPERATING AGREEMENT (the “Agreement”) is entered into effective as of May 1, 2005, between and among B-New, LLC, an Ohio limited liability company (“BNEW”), TechCom Group, LLC, a Florida limited liability company (“TechCom”), Buhler, Inc., a Minnesota corporation (“Buhler”), and Dakota Growers Pasta Company, Inc., a North Dakota corporation (“Dakota”) (BNEW, TechCom, Buhler and Dakota may be referred to herein as a “Member” and collectively as the “Members”).
