SUBSCRIPTION DOCUMENT A [POOL 1 - CURRENT MEMBERS ONLY]
DAKOTA GROWERS PASTA COMPANY
A NORTH DAKOTA COOPERATIVE ASSOCIATION
SUBSCRIPTION AGREEMENT
NAME AND ADDRESS OF SUBSCRIBER NUMBER OF EQUITY SHARES OWNED BY SUBSCRIBER
AS OF DECEMBER 1, 1998:
MAXIMUM NUMBER OF EQUITY SHARES SUBSCRIBER
MAY PURCHASE IN POOL 1:
(One (1) share of Equity Stock for each two
(2) shares owned as of December 1, 1998)
NUMBER OF EQUITY SHARES THE SUBSCRIBER DESIRES TO PURCHASE IN POOL 1:
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(Maximum Purchase Is Indicated Above)
PLEASE FILL IN THE APPROPRIATE SPACES ABOVE FROM THE MEMBERSHIP INFORMATION SET
FORTH IN THE COVER LETTER TO YOU.
PLEASE COMPLETE AND MAIL OR DAKOTA GROWERS PASTA COMPANY
DELIVER WITH PAYMENT TO: ONE PASTA AVENUE, P.O. BOX 21
CARRINGTON, ND 58421-0021
The undersigned hereby subscribes for and agrees to purchase that number of
shares of Equity Stock of Dakota Growers Pasta Company (the "Company") listed
above, at a price of $ per Equity Share.
With the return of this completed Subscription Agreement, the undersigned
must make full payment for all Equity Shares subscribed for in Pool 1. This
completed Subscription Agreement and the accompanying payment must be received
by the Company at its corporate offices on or before 5:00 P.M., January 6, 1999.
Subscription Agreements and accompanying payments that are received by the
Company after that date, but which are postmarked on or before January 6, 1999,
will be deemed to be timely received. The undersigned hereby represents:
1. The undersigned is a current member - shareholder and has authority to
execute the Subscription Agreement on the behalf of the subscriber.
2. The subscription is for the undersigned's own account and not for the
purpose of redistribution of the stock to others.
3. The subscriber is an agricultural producer, which includes tenants of
land used for the production of agricultural products and lessors who
receive as rent a part of the produce of such land.
4. The undersigned has been provided a copy of the Company's Bylaws and
Articles of Association and agrees to be bound by them in all respects
and consents to include all qualified allocated patronage dividends and
per unit retains (both cash and certificate) as income for income tax
purposes.
5. The subscriber agrees to comply with all present and future eligibility
requirements for membership and to abide by rules and policies of uniform
application as adopted by the Board of Directors.
6. The subscriber acknowledges that a member may be expelled from
membership in the Company should it be determined that such member is not
qualified for membership as provided for in the Bylaws of the Company.
7. The Prospectus dated November , 1998, has been received and read in
its entirety and the undersigned's decision to purchase Equity Stock is
based solely on the information and representations contained therein.
The undersigned recognizes that ownership of the securities involve
various risk factors including those discussed in the Prospectus. This
representation does not constitute a waiver of the undersigned's rights
under the Securities Act of 1933.
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GROWERS AGREEMENT
BY THE EXECUTION OF THIS SUBSCRIPTION AGREEMENT, AND UPON ITS FULL OR
PARTIAL ACCEPTANCE BY THE COMPANY, THE UNDERSIGNED IS ALSO DEEMED TO HAVE
EXECUTED THE GROWERS AGREEMENT, AND AGREES TO BE BOUND IN ALL RESPECTS BY THAT
GROWERS AGREEMENT TO THE SAME EFFECT AND PURPOSE AS IF THE UNDERSIGNED'S
SIGNATURE WAS APPLIED TO THAT AGREEMENT. SAID GROWERS AGREEMENT IS CONTAINED IN
THE COMPANY'S REGISTRATION STATEMENT (FILE NO. 333- ) DECLARED EFFECTIVE BY
THE SEC ON NOVEMBER , 1998, AND IS BY THIS REFERENCE INCORPORATED INTO THIS
SUBSCRIPTION AGREEMENT AND MADE A PART HEREOF.
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PAYMENT
_________ Number of Equity Shares Subscribed in Pool 1
$_________ Amount of Enclosed
Make check payable to Dakota Growers Pasta Company. The funds paid hereunder
will, upon acceptance of the subscription by the Company, become the assets of
the Company and be immediately available for use for the Company's operations.
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This Subscription Agreement has been signed by the undersigned at
____________________________, ___________________________ on ____________, 1998.
(City/Town) (State) (Month and Day)
INSTRUCTIONS: If the member consists of co-owners or joint owners, each
should sign. If the member is a corporation, limited liability company, or other
legal entity, an officer should sign and give his title. If the member is a
partnership, the authorized partner should sign and give his title.
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(Signature) (Title)
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(Signature) (Title)
ACCEPTANCE. The above Subscription Agreement for Equity Shares is
accepted as of this day of , 1998.
DAKOTA GROWERS PASTA COMPANY
By _____________________________________
Its ____________________________________
