SUBSCRIPTION DOCUMENT A
AMERICAN CRYSTAL SUGAR COMPANY
SUBSCRIPTION AGREEMENT FOR PREFERRED STOCK
NAME AND ADDRESS OF SHAREHOLDER: NUMBER OF SHARES OF PREFERRED STOCK, PAR
__________________________________ VALUE $76.77, OWNED OF RECORD BY THE
__________________________________ SHAREHOLDER AS OF JULY 31, 1996:______________
__________________________________
__________________________________ NUMBER OF SHARES OF PREFERRED STOCK, PAR
VALUE $76.77, THAT THE SHAREHOLDER IS
ENTITLED TO PURCHASE:_________________________
TOTAL PURCHASE PRICE: $_______________________
TO BE COMPLETED AND MAILED OR DELIVERED TO: AMERICAN CRYSTAL SUGAR COMPANY
101 NORTH THIRD STREET
MOORHEAD, MINNESOTA 56560
ACCORDING TO THE RECORDS OF AMERICAN CRYSTAL SUGAR COMPANY (THE
"COMPANY"), AS OF JULY 31, 1996, THE MEMBER LISTED ABOVE OWNED ONE (1) SHARE
OF THE COMPANY'S COMMON STOCK AND __________ SHARES OF THE COMPANY'S
PREFERRED STOCK, PAR VALUE $76.77. BASED ON SUCH OWNERSHIP, THE MEMBER
LISTED ABOVE HAS THE RIGHT TO PURCHASE __________ SHARES OF THE COMPANY'S
PREFERRED STOCK, BEING PART OF THE COMPANY'S PUBLIC OFFERING OF A TOTAL OF
__________ SHARES OF PREFERRED STOCK, AS DESCRIBED IN THE PROSPECTUS.
THE UNDERSIGNED MEMBER HEREBY SUBSCRIBES FOR AND AGREES TO PURCHASE THAT
NUMBER OF SHARES OF PREFERRED STOCK LISTED ABOVE, AT A PRICE OF $1,500 PER
SHARE, AND DELIVERS HEREWITH A CHECK PAYABLE TO "AMERICAN CRYSTAL SUGAR
COMPANY" IN FULL PAYMENT OF THE TOTAL PURCHASE PRICE STATED ABOVE.
THE UNDERSIGNED MEMBER HEREBY DECLARES AND REPRESENTS THAT (I) THE
UNDERSIGNED CONTINUES TO BE ELIGIBLE FOR MEMBERSHIP IN THE COMPANY AS OF THE
DATE HEREOF, IN ACCORDANCE WITH THE COMPANY'S ARTICLES OF INCORPORATION AND
BY-LAWS, (II) THE UNDERSIGNED MEMBER ACKNOWLEDGES AND AGREES THAT THE
PURCHASE OF THE SHARES OF PREFERRED STOCK WILL OBLIGATE SUCH MEMBER TO
PROVIDE SUGARBEETS TO THE COMPANY IN ACCORDANCE WITH THE TERMS AND CONDITIONS
OF THE MEMBER'S "GROWER'S AGREEMENT(S)" WITH THE COMPANY AND (III) THAT SUCH
GROWER'S AGREEMENTS SHALL BE DEEMED AMENDED TO INCLUDE THE SHARES OF
PREFERRED STOCK PURCHASED HEREBY.
INSTRUCTIONS: IF THE SHAREHOLDERS ARE CO-OWNERS OR JOINT OWNERS, EACH SHOULD
SIGN. IF THE SHAREHOLDER IS A CORPORATION, AN OFFICER SHOULD SIGN AND GIVE
HIS TITLE. IF THE SHAREHOLDER IS A PARTNERSHIP, A PARTNER SHOULD SIGN AND
GIVE HIS TITLE.
DATED:
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(SIGNATURE) (TITLE)
DATED:
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(SIGNATURE) (TITLE)
THIS SUBSCRIPTION AGREEMENT MUST BE RECEIVED BY THE COMPANY AT ITS CORPORATE
OFFICE, 101 NORTH THIRD STREET, MOORHEAD, MINNESOTA 56560, NO LATER THAN
DECEMBER 20, 1996 AT 5:00 P.M. YOUR CHECK MUST BE RETURNED WITH THIS
SUBSCRIPTION AGREEMENT.