BUSINESS LOAN AGREEMENTBusiness Loan Agreement • April 28th, 2003 • Rdo Equipment Co • Wholesale-machinery, equipment & supplies • North Dakota
THIS BUSINESS LOAN AGREEMENT dated April 24, 2003, is made and executed between RDO HOLDINGS CO. ("Borrower") and State Bank of Fargo ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement ("Loan"). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
SECOND AMENDMENT TO STOCK OPTION AGREEMENTStock Option Agreement • April 28th, 2003 • Rdo Equipment Co • Wholesale-machinery, equipment & supplies
This SECOND AMENDMENT TO STOCK OPTION AGREEMENT (this "Second Amendment") is made this 23rd day of April, 2003 by and between Ronald D. Offutt ("Offutt") and Paul T. Horn ("Horn") and is to be effective when, and only when, RDO Tender Co. ("RDO Tender") in connection with its offer to purchase all of the outstanding shares of Class A common stock (the "Class A Shares") of RDO Equipment Co. ("RDO Equipment") has accepted for payment all of the Class A Shares that have been tendered prior to the expiration date of the offer.
SECOND AMENDMENT TO STOCK OPTION AGREEMENTStock Option Agreement • April 28th, 2003 • Rdo Equipment Co • Wholesale-machinery, equipment & supplies
This SECOND AMENDMENT TO STOCK OPTION AGREEMENT (this "Second Amendment") is made this 23rd day of April, 2003 by and between Ronald D. Offutt ("Offutt") and Allan F. Knoll ("Knoll") and is to be effective when, and only when, RDO Tender Co. ("RDO Tender") in connection with its offer to purchase all of the outstanding shares of Class A common stock (the "Class A Shares") of RDO Equipment Co. ("RDO Equipment") has accepted for payment all of the Class A Shares that have been tendered prior to the expiration date of the offer.
AGREEMENT TO FACILITATERdo Equipment Co • April 28th, 2003 • Wholesale-machinery, equipment & supplies • North Dakota
THIS AGREEMENT TO FACILITATE (this "Agreement") is dated as of April 23, 2003, by and among RDO HOLDINGS CO., a North Dakota corporation ("RDO Holdings"), RDO TENDER CO., a Delaware corporation and wholly owned subsidiary of RDO Holdings ("RDO Tender"), RONALD D. OFFUTT ("Mr. Offutt"), and BETTY LOU SCOTT AND LARRY SCOTT ("Mr. and Mrs. Scott") (Mr. Offutt and Mr. and Mrs. Scott are collectively referred to as the "RDO Holdings Stockholders" and each individually as an "RDO Holdings Stockholder").
