Document:

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                                                                    EXHIBIT 4.11

                                                                  Execution Copy

                          REGISTRATION RIGHTS AGREEMENT

         This REGISTRATION RIGHTS AGREEMENT dated December 23, 2003 (the
"Agreement") is entered into by and among Land O'Lakes, Inc., a Minnesota
cooperative corporation (the "Company"), the entities listed in Schedule 1
hereto (the "Subsidiary Guarantors"), and J.P. Morgan Securities Inc. (the
"Initial Purchaser").

         The Company, the Subsidiary Guarantors and the Initial Purchaser are
parties to the Purchase Agreement dated December 12, 2003 (the "Purchase
Agreement"), which provides for the sale by the Company to the Initial Purchaser
of $175,000,000 aggregate principal amount of the Company's 9% Senior Secured
Notes due 2010 (the "Securities") which will be fully and unconditionally
guaranteed on a senior secured basis by each of the Subsidiary Guarantors. As an
inducement to the Initial Purchaser to enter into the Purchase Agreement, the
Company and the Subsidiary Guarantors have agreed to provide to the Initial
Purchaser and its direct and indirect transferees the registration rights set
forth in this Agreement. The execution and delivery of this Agreement is a
condition to the closing under the Purchase Agreement.

In consideration of the foregoing, the parties hereto agree as follows:

1.       Definitions.

         As used in this Agreement, the following terms shall have the following
meanings:

         "Closing Date" shall mean the Closing Date as defined in the Purchase
Agreement.

         "Company" shall have the meaning set forth in the preamble and shall
also include the Company's successors.

         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended from time to time.

         "Exchange Dates" shall have the meaning set forth in Section 2(a)(ii)
hereof.

         "Exchange Offer" shall mean the exchange offer by the Company and the
Subsidiary Guarantors of Exchange Securities for Registrable Securities pursuant
to Section 2(a) hereof.

         "Exchange Offer Registration" shall mean a registration under the
Securities Act effected pursuant to Section 2(a) hereof.

         "Exchange Offer Registration Statement" shall mean an exchange offer
registration statement on Form S-4 (or, if applicable, on another appropriate
form) and all amendments and supplements to such registration statement, in each
case including the

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Prospectus contained therein, all exhibits thereto and any document incorporated
by reference therein.

         "Exchange Securities" shall mean senior secured notes issued by the
Company and guaranteed by the Subsidiary Guarantors under the Indenture
containing terms identical to the Securities (except that the Exchange
Securities will not be subject to restrictions on transfer or to any increase in
annual interest rate for failure to comply with this Agreement) and to be
offered to Holders of Securities in exchange for Securities pursuant to the
Exchange Offer.

         "Subsidiary Guarantors" shall have the meaning set forth in the
preamble and shall also include any Subsidiary Guarantor's successors.

         "Holders" shall mean the Initial Purchaser, for so long as they own any
Registrable Securities, and each of their successors, assigns and direct and
indirect transferees who become owners of Registrable Securities under the
Indenture; provided that for purposes of Sections 4 and 5 of this Agreement, the
term "Holders" shall include Participating Broker-Dealers.

         "Initial Purchaser" shall have the meaning set forth in the preamble.

         "Indenture" shall mean the Indenture relating to the Securities dated
as of December 23, 2003 among the Company, the Subsidiary Guarantors and U.S.
Bank National Association, as trustee, and as the same may be amended from time
to time in accordance with the terms thereof.

         "Majority Holders" shall mean the Holders of a majority of the
aggregate principal amount of the outstanding Registrable Securities; provided
that whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, any Registrable Securities owned
directly or indirectly by the Company shall not be counted in determining
whether such consent or approval was given by the Holders of such required
percentage or amount; provided, further, that if the Company shall issue any
additional Securities under the Indenture prior to consummation of the Exchange
Offer or the effectiveness of any Shelf Registration Statement, such additional
Securities and the Registrable Securities to which this Agreement relates shall
be treated together as one class for purposes of determining whether the consent
or approval of Holders of a specified percentage of Registrable Securities has
been obtained.

         "Participating Broker-Dealers" shall have the meaning set forth in
Section 4(a) hereof.

         "Person" shall mean an individual, partnership, limited liability
company, corporation, trust or unincorporated organization, or a government or
agency or political subdivision thereof.

         "Purchase Agreement" shall have the meaning set forth in the preamble.

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         "Prospectus" shall mean the prospectus included in a Registration
Statement, including any preliminary prospectus, and any such prospectus as
amended or supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of the
Registrable Securities covered by a Shelf Registration Statement, and by all
other amendments and supplements to such prospectus, and in each case including
any document incorporated by reference therein.

         "Registrable Securities" shall mean the Securities; provided that the
Securities shall cease to be Registrable Securities upon the earlier to occur of
(i) when a Registration Statement with respect to such Securities has been
declared effective under the Securities Act and such Securities have been
exchanged or disposed of pursuant to such Registration Statement, (ii) when such
Securities have been sold pursuant to Rule 144(k) (or any similar provision then
in force, but not Rule 144A) under the Securities Act or (iii) ( when such
Securities cease to be outstanding.

         "Registration Expenses" shall mean any and all expenses incident to
performance of or compliance by the Company and the Subsidiary Guarantors with
this Agreement, including without limitation: (i) all SEC, stock exchange or
National Association of Securities Dealers, Inc. registration and filing fees,
(ii) all fees and expenses incurred in connection with compliance with state
securities or blue sky laws (including reasonable fees and disbursements of
counsel for any underwriters or Holders in connection with blue sky
qualification of any Exchange Securities or Registrable Securities), (iii) all
expenses of any Persons in preparing or assisting in preparing, word processing,
printing and distributing any Registration Statement, any Prospectus, any
amendments or supplements thereto, any underwriting agreements, securities sales
agreements and other documents relating to the performance of and compliance
with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements
relating to the qualification of the Indenture under applicable securities laws,
(vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees
and disbursements of counsel for the Company and the Subsidiary Guarantors and,
in the case of a Shelf Registration Statement, the fees and disbursements of one
counsel for the Holders (which counsel shall be selected by the Majority Holders
and which counsel may also be counsel for the Initial Purchaser) and (viii) the
fees and disbursements of the independent public accountants of the Company and
the Subsidiary Guarantors, including the expenses of any special audits or
"comfort" letters required by or incident to such performance and compliance,
but excluding fees and expenses of counsel to the underwriters (other than fees
and expenses set forth in clause (ii) above) or the Holders and underwriting
discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of Registrable Securities by a Holder.

         "Registration Statement" shall mean any registration statement of the
Company and the Subsidiary Guarantors that covers any of the Exchange Securities
or Registrable Securities pursuant to the provisions of this Agreement and all
amendments and supplements to any such registration statement, including
post-effective amendments, in each case including the Prospectus contained
therein, all exhibits thereto and any document incorporated by reference
therein.

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         "SEC" shall mean the Securities and Exchange Commission.

         "Securities Act" shall mean the Securities Act of 1933, as amended from
time to time.

         "Shelf Registration" shall mean a registration effected pursuant to
Section 2(b) hereof.

         "Shelf Registration Statement" shall mean a "shelf" registration
statement of the Company and the Subsidiary Guarantors that covers all the
Registrable Securities (but no other securities unless approved by the Holders
whose Registrable Securities are covered by such Shelf Registration Statement)
on an appropriate form under Rule 415 under the Securities Act, or any similar
rule that may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and any
document incorporated by reference therein.

         "Trust Indenture Act" shall have the meaning set forth in Section 3(i)
hereof.

         "Trustee" shall mean the trustee with respect to the Securities under
the Indenture.

         "Underwriter" shall have the meaning set forth in Section 3 hereof.

         "Underwritten Registration" or "Underwritten Offering" shall mean a
registration in which Registrable Securities are sold to an Underwriter for
reoffering to the public.

2.       Registration Under the Securities Act.

         (a)      To the extent not prohibited by any applicable law or
applicable interpretations of the Staff of the SEC, the Company and the
Subsidiary Guarantors shall use their reasonable best efforts to (i) cause to be
filed an Exchange Offer Registration Statement covering an offer to the Holders
to exchange all the Registrable Securities for Exchange Securities and (ii) have
such Registration Statement remain effective until the closing of the Exchange
Offer. The Company and the Subsidiary Guarantors shall commence the Exchange
Offer promptly after the Exchange Offer Registration Statement is declared
effective by the SEC and use their reasonable best efforts to complete the
Exchange Offer within 225 days after issuance. The Company and the Subsidiary
Guarantors shall commence the Exchange Offer by mailing the related exchange
offer Prospectus and accompanying documents to each Holder stating, in addition
to such other disclosures as are required by applicable law:

                  (i)      that the Exchange Offer is being made pursuant to
         this Agreement and that all Registrable Securities validly tendered
         will be accepted for exchange;

                  (ii)     the dates of acceptance for exchange (which shall be
         a period of at least 20 business days from the date such notice is
         mailed) (the "Exchange Dates");

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                  (iii)    that any Registrable Security not tendered will
         remain outstanding and continue to accrue interest but will not retain
         any rights under this Agreement;

                  (iv)     that Holders electing to have a Registrable Security
         exchanged pursuant to the Exchange Offer will be required to surrender
         such Registrable Security, together with the enclosed letters of
         transmittal, to the institution and at the address (located in the
         Borough of Manhattan, The City of New York) and in the manner specified
         in the notice, prior to the close of business on the last Exchange
         Date; and

                  (v)      that Holders will be entitled to withdraw their
         election, not later than the close of business on the last Exchange
         Date, by sending to the institution and at the address (located in the
         Borough of Manhattan, The City of New York) specified in the notice, a
         telegram, telex, facsimile transmission or letter setting forth the
         name of such Holder, the principal amount of Registrable Securities
         delivered for exchange and a statement that such Holder is withdrawing
         its election to have such Securities exchanged.

         As soon as practicable after the last Exchange Date, the Company and
the Subsidiary Guarantors shall:

                  (i)      accept for exchange Registrable Securities or
         portions thereof tendered and not validly withdrawn pursuant to the
         Exchange Offer; and

                  (ii)     deliver, or cause to be delivered, to the Trustee for
         cancellation all Registrable Securities or portions thereof so accepted
         for exchange by the Company and issue, and cause the Trustee to
         promptly authenticate and deliver to each Holder, Exchange Securities
         equal in principal amount to the principal amount of the Registrable
         Securities surrendered by such Holder.

         The Company and the Subsidiary Guarantors shall use their reasonable
best efforts to complete the Exchange Offer as provided above and shall comply
with the applicable requirements of the Securities Act, the Exchange Act and
other applicable laws and regulations in connection with the Exchange Offer. The
Exchange Offer shall not be subject to any conditions, other than that the
Exchange Offer does not violate any applicable law or applicable interpretations
of the Staff of the SEC. The Company shall inform the Initial Purchaser of the
names and addresses of the Holders to whom the Exchange Offer is made, and the
Initial Purchaser shall have the right, subject to applicable law, to contact
such Holders and otherwise facilitate the tender of Registrable Securities in
the Exchange Offer.

         (b)      In the event that (i) the Company and the Subsidiary
Guarantors determine that the Exchange Offer Registration provided for in
Section 2(a) above is not available or may not be completed as soon as
practicable after the last Exchange Date because it would violate any applicable
law or applicable interpretations of the Staff of the SEC, (ii) the Exchange
Offer is not for any other reason completed by 225 days after the

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Closing Date or (iii) the Exchange Offer has been completed and in the
reasonable opinion of counsel for the Initial Purchaser a Registration Statement
must be filed and a Prospectus must be delivered by the Initial Purchaser in
connection with any offering or sale of Registrable Securities, the Company and
the Subsidiary Guarantors shall use their reasonable best efforts to cause to be
filed as soon as practicable after such determination, date or notice of such
opinion of counsel is given to the Company, as the case may be, a Shelf
Registration Statement providing for the sale of all the Registrable Securities
by the Holders thereof and to have such Shelf Registration Statement declared
effective by the SEC.

         In the event that the Company and the Subsidiary Guarantors are
required to file a Shelf Registration Statement solely as a result of the
matters referred to in clause (iii) of the preceding sentence, the Company and
the Subsidiary Guarantors shall use their reasonable best efforts to file and
have declared effective by the SEC both an Exchange Offer Registration Statement
pursuant to Section 2(a) with respect to all Registrable Securities and a Shelf
Registration Statement (which may be a combined Registration Statement with the
Exchange Offer Registration Statement) with respect to offers and sales of
Registrable Securities held by the Initial Purchaser after completion of the
Exchange Offer. The Company and the Subsidiary Guarantors agree to use their
reasonable best efforts to keep the Shelf Registration Statement continuously
effective until the earlier of the expiration of the holding period referred to
in Rule 144(k) under the Securities Act with respect to the Registrable
Securities and such shorter period that will terminate when all the Registrable
Securities covered by the Shelf Registration Statement have been sold pursuant
to the Shelf Registration Statement. Subject to the other provisions herein set
forth, the Company and the Subsidiary Guarantors further agree to supplement or
amend the Shelf Registration Statement and the related Prospectus if required by
the rules, regulations or instructions applicable to the registration form used
by the Company for such Shelf Registration Statement or by the Securities Act or
by any other rules and regulations thereunder for shelf registration or if
reasonably requested by a Holder of Registrable Securities with respect to
information relating to such Holder, and to use their reasonable best efforts to
cause any such amendment to become effective and such Shelf Registration
Statement and Prospectus to become usable as soon as thereafter practicable. The
Company and the Subsidiary Guarantors agree to furnish to the Holders of
Registrable Securities copies of any such supplement or amendment promptly after
its being used or filed with the SEC.

         (c)      The Company and the Subsidiary Guarantors shall pay all
Registration Expenses in connection with the registration pursuant to Section
2(a) and Section 2(b) hereof. Each Holder shall pay all underwriting discounts
and commissions and transfer taxes, if any, relating to the sale or disposition
of such Holder's Registrable Securities pursuant to the Shelf Registration
Statement.

         (d)      An Exchange Offer Registration Statement pursuant to Section
2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof
will not be deemed to have become effective unless it has been declared
effective by the SEC; provided that if, after it has been declared effective,
the offering of Registrable Securities pursuant to a Shelf Registration
Statement is interfered with by any stop order, injunction or other

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order or requirement of the SEC or any court or other governmental or regulatory
agency or body, such Registration Statement will not be deemed effective during
the period of such interference until the offering of Registrable Securities
pursuant to such Registration Statement may legally resume.

         As provided in the Indenture, in the event that either the Exchange
Offer is not completed or the Shelf Registration Statement, if required hereby,
is not declared effective on or prior to the 225th day following the Closing
Date, then from such date, the interest rate on the Securities will be increased
by 0.25% per annum with an additional 0.25% per annum increase each 90 days
thereafter, up to a maximum increase of 1.00% per annum until the Exchange Offer
is completed or the Shelf Registration Statement, if required hereby, is
declared effective by the SEC or the Securities become freely tradable under the
Securities Act.

         In the event that the Shelf Registration Statement, if required hereby,
has been declared effective and such Shelf Registration Statement ceases to be
effective at any time during the period during which such Shelf Registration
Statement is required to be effective pursuant to Section 2(b) hereof, the
interest rate on the Securities will be increased by 0.25% per annum with an
additional 0.25% per annum increase each 90 days thereafter, up to a maximum
increase of 1.00% per annum, commencing on the day after such Shelf Registration
Statement ceases to be effective until the Shelf Registration Statement (as
amended or supplemented, if necessary) again becomes effective. For the purposes
of this paragraph, each period during which such Shelf Registration Statement is
required to be effective and is not effective shall be added to all such prior
periods in the previous consecutive twelve months in order to determine the
interest rate on the Securities.

         (e)      Without limiting the remedies available to the Initial
Purchaser and the Holders, the Company and the Subsidiary Guarantors acknowledge
that any failure by the Company or the Subsidiary Guarantors to comply with
their obligations under Section 2(a) and Section 2(b) hereof may result in
material irreparable injury to the Initial Purchaser or the Holders for which
there is no adequate remedy at law, that it will not be possible to measure
damages for such injuries precisely and that, in the event of any such failure,
the Initial Purchaser or any Holder may obtain such relief as may be required to
specifically enforce the Company's and the Subsidiary Guarantors' obligations
under Section 2(a) and Section 2(b) hereof (it being understood that any damages
recovered shall not include damages beyond those described in this Section (e)
and Section 2(d)).

3.       Registration Procedures.

         In connection with their obligations pursuant to Section 2(a) and
Section 2(b) hereof, the Company and the Subsidiary Guarantors shall as
expeditiously as possible:

         (a)      prepare and file with the SEC a Registration Statement on the
appropriate form under the Securities Act, which form (x) shall be selected by
the Company and the Subsidiary Guarantors, (y) shall, in the case of a Shelf
Registration, be available for the sale of the Registrable Securities by the
selling Holders thereof and (z) shall comply as to

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form in all material respects with the requirements of the applicable form and
include all financial statements required by the SEC to be filed therewith; and
use their reasonable best efforts to cause such Registration Statement to become
effective and remain effective in accordance with Section 2 hereof;

         (b)      prepare and file with the SEC such amendments and
post-effective amendments to each Registration Statement as may be necessary to
keep such Registration Statement effective for the applicable period and cause
each Prospectus to be supplemented by any required prospectus supplement and, as
so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and
keep each Prospectus current during the period described in Section 4(3) of and
Rule 174 under the Securities Act that is applicable to transactions by brokers
or dealers with respect to the Registrable Securities or Exchange Securities;

         (c)      in the case of a Shelf Registration, furnish to each Holder of
Registrable Securities, to counsel for the Initial Purchaser, to counsel for
such Holders and to each Underwriter of an Underwritten Offering of Registrable
Securities, if any, without charge, as many copies of each Prospectus, including
each preliminary Prospectus, and any amendment or supplement thereto and such
other documents as such Holder or Underwriter may reasonably request, in order
to facilitate the sale or other disposition of the Registrable Securities
thereunder; and the Company and the Subsidiary Guarantors consent to the use of
such Prospectus and any amendment or supplement thereto in accordance with
applicable law by each of the selling Holders of Registrable Securities and any
such Underwriters in connection with the offering and sale of the Registrable
Securities covered by and in the manner described in such Prospectus or any
amendment or supplement thereto in accordance with applicable law;

         (d)      use their reasonable best efforts to register or qualify the
Registrable Securities under all applicable state securities or blue sky laws of
such jurisdictions as any Holder of Registrable Securities covered by a
Registration Statement shall reasonably request in writing by the time the
applicable Registration Statement is declared effective by the SEC; cooperate
with the Holders in connection with any filings required to be made with the
National Association of Securities Dealers, Inc.; and do any and all other acts
and things that may be reasonably necessary or advisable to enable each Holder
to complete the disposition in each such jurisdiction of the Registrable
Securities owned by such Holder; provided that neither the Company nor any
Subsidiary Guarantor shall be required to (i) qualify as a foreign corporation
or as a dealer in securities in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3(d), (ii) take any action that would
subject it to service of process or (iii) subject itself to taxation in any such
jurisdiction if it is not so subject;

         (e)      in the case of a Shelf Registration, notify each Holder of
Registrable Securities, counsel for such Holders and counsel for the Initial
Purchaser promptly and, if requested by any such Holder or counsel, confirm such
advice in writing (i) when a Registration Statement has become effective and
when any post-effective amendment thereto has been filed and becomes effective,
(ii) of any request by the SEC or any state securities authority for amendments
and supplements to a Registration Statement and

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Prospectus or for additional information after the Registration Statement has
become effective, (iii) of the issuance by the SEC or any state securities
authority of any stop order suspending the effectiveness of a Registration
Statement or the initiation of any proceedings for that purpose, (iv) if,
between the effective date of a Registration Statement and the closing of any
sale of Registrable Securities covered thereby, the representations and
warranties of the Company or any Subsidiary Guarantor contained in any
underwriting agreement, securities sales agreement or other similar agreement,
if any, relating to an offering of such Registrable Securities cease to be true
and correct in all material respects or if the Company or any Subsidiary
Guarantor receives any notification with respect to the suspension of the
qualification of the Registrable Securities for sale in any jurisdiction or the
initiation of any proceeding for such purpose, (v) of the happening of any event
during the period a Shelf Registration Statement is effective that makes any
statement made in such Registration Statement or the related Prospectus untrue
in any material respect or that requires the making of any changes in such
Registration Statement or Prospectus in order to make the statements therein not
misleading and (vi) of any determination by the Company or any Subsidiary
Guarantor that a post-effective amendment to a Registration Statement would be
appropriate;

         (f)      make every reasonable effort to obtain the withdrawal of any
order suspending the effectiveness of a Registration Statement at the earliest
possible moment and provide reasonably prompt notice to each Holder of the
withdrawal of any such order;

         (g)      in the case of a Shelf Registration, furnish to each Holder of
Registrable Securities, without charge, at least one conformed copy of each
Registration Statement and any post-effective amendment thereto (without any
document incorporated therein by reference or exhibits thereto, unless requested
in writing by any such holder);

         (h)      in the case of a Shelf Registration, cooperate with the
selling Holders of Registrable Securities to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold and
not bearing any restrictive legends and enable such Registrable Securities to be
in such denominations and registered in such names (consistent with the
provisions of the Indenture) as the selling Holders may reasonably request at
least one business day prior to the closing of any sale of Registrable
Securities;

         (i)      in the case of a Shelf Registration, upon the occurrence of
any event contemplated by Section 3(e)(v) hereof, use their reasonable best
efforts, subject to Section 3(o) herein, to prepare and file with the SEC a
supplement or post-effective amendment to a Registration Statement or the
related Prospectus or any document incorporated therein by reference or file any
other required document so that, as thereafter delivered to purchasers of the
Registrable Securities, such Prospectus will not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading; and the Company and the Subsidiary Guarantors shall notify
the Holders of Registrable Securities to suspend use of the Prospectus as
promptly as practicable after the occurrence of such an event, and such Holders
hereby agree to

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suspend use of the Prospectus until the Company and the Subsidiary Guarantors
have amended or supplemented the Prospectus to correct such misstatement or
omission or until the Company and the Subsidiary Guarantors notify the Holders
that the Prospectus may once again be used;

         (j)      a reasonable time prior to the filing of any Registration
Statement, any Prospectus, any amendment to a Registration Statement or
amendment or supplement to a Prospectus or of any document that is to be
incorporated by reference into a Registration Statement or a Prospectus after
initial filing of a Registration Statement, provide copies of such document to
the Initial Purchaser and its counsel (and, in the case of a Shelf Registration
Statement, to the Holders of Registrable Securities and their counsel) and, in
the event that the Initial Purchaser is participating in the Exchange Offer, the
Company shall use its reasonable best efforts to reflect in each such document,
when so filed, such comments as the Initial Purchaser reasonably may propose
(and in the case of a Shelf Registration Statement, as the participating Holders
of Registrable Securities reasonably may propose) and make such of the
representatives of the Company and the Subsidiary Guarantors as shall be
reasonably requested by the Initial Purchaser or its counsel (and, in the case
of a Shelf Registration Statement, the participating Holders of Registrable
Securities or their counsel) available for discussion of such document; and the
Company and the Subsidiary Guarantors shall not at any time file or make any
amendment to the Registration Statement, any Prospectus or any amendment of or
supplement to a Registration Statement or a Prospectus or any document that is
to be incorporated by reference into a Registration Statement or a Prospectus,
of which the Initial Purchaser and its counsel (and, in the case of a Shelf
Registration Statement, the participating Holders of Registrable Securities and
their counsel) shall not have previously been advised and furnished a copy or to
which the Initial Purchaser or its counsel (and, in the case of a Shelf
Registration Statement, the participating Holders or their counsel) shall
object;

         (k)      obtain a CUSIP number for all Exchange Securities or
Registrable Securities, as the case may be, not later than the effective date of
a Registration Statement;

         (l)      cause the Indenture to be qualified under the Trust Indenture
Act of 1939, as amended (the "Trust Indenture Act"), in connection with the
registration of the Exchange Securities or Registrable Securities, as the case
may be; cooperate with the Trustee and the Holders to effect such changes to the
Indenture as may be required for the Indenture to be so qualified in accordance
with the terms of the Trust Indenture Act; and execute, and use their reasonable
best efforts to cause the Trustee to execute, all documents as may be required
to effect such changes and all other forms and documents required to be filed
with the SEC to enable the Indenture to be so qualified in a timely manner;

         (m)      in the case of a Shelf Registration, make available for
inspection by a representative of the Holders of the Registrable Securities, any
Underwriter participating in any disposition pursuant to such Shelf Registration
Statement, and attorneys and accountants designated by the Holders, at
reasonable times and in a reasonable manner, all financial and other records,
pertinent documents and properties of the Company and

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                                                                              11

the Subsidiary Guarantors, and cause the respective officers, directors and
employees of the Company and the Subsidiary Guarantors to supply all information
reasonably requested by any such representative, Underwriter, attorney or
accountant in connection with a Shelf Registration Statement;

         (n)      if reasonably requested by any Holder of Registrable
Securities covered by a Registration Statement or required by law, promptly
incorporate in a Prospectus supplement or post-effective amendment such
information with respect to such Holder as such Holder reasonably requests to be
included therein and make all required filings of such Prospectus supplement or
such post-effective amendment as soon as the Company has received notification
of the matters to be incorporated in such filing; and

         (o)      in the case of a Shelf Registration, enter into such customary
agreements and take all such other actions in connection therewith (including
those requested by the Holders of a majority of the Registrable Securities being
sold) in order to expedite or facilitate the disposition of such Registrable
Securities including, but not limited to, an Underwritten Offering and in such
connection, (i) to the extent possible, make such representations and warranties
to the Holders and any Underwriters of such Registrable Securities with respect
to the business of the Company and its subsidiaries, the Registration Statement,
Prospectus and documents incorporated by reference or deemed incorporated by
reference, if any, in each case, in form, substance and scope as are customarily
made by issuers to underwriters in underwritten offerings and confirm the same
if and when requested, (ii) obtain opinions of counsel to the Company and the
Subsidiary Guarantors (which counsel and opinions, in form, scope and substance,
shall be reasonably satisfactory to the Holders and such Underwriters and their
respective counsel) addressed to each selling Holder and Underwriter of
Registrable Securities, covering the matters customarily covered in opinions
requested in underwritten offerings, (iii) obtain "comfort" letters from the
independent certified public accountants of the Company and the Subsidiary
Guarantors (and, if necessary, any other certified public accountant of any
subsidiary of the Company or any Subsidiary Guarantor, or of any business
acquired by the Company or any Subsidiary Guarantor for which financial
statements and financial data are or are required to be included in the
Registration Statement) addressed to each selling Holder and Underwriter of
Registrable Securities, such letters to be in customary form and covering
matters of the type customarily covered in "comfort" letters in connection with
underwritten offerings and (iv) deliver such documents and certificates as may
be reasonably requested by the Holders of a majority in principal amount of the
Registrable Securities being sold or the Underwriters, and which are customarily
delivered in underwritten offerings, to evidence the continued validity of the
representations and warranties of the Company and the Subsidiary Guarantors made
pursuant to clause (i) above and to evidence compliance with any customary
conditions contained in an underwriting agreement.

         In the case of a Shelf Registration Statement, the Company may require
each Holder of Registrable Securities to furnish to the Company such information
regarding such Holder and the proposed distribution by such Holder of such
Registrable Securities as the Company and the Subsidiary Guarantors may from
time to time reasonably request in writing, and the Company may exclude from
such registration the Registrable

<PAGE>

                                                                              12

Securities of any Holder that fails to furnish such information within a
reasonable time after receiving such request.

         In the case of a Shelf Registration Statement, each Holder of
Registrable Securities agrees that, upon receipt of any notice from the Company
and the Subsidiary Guarantors of the happening of any event of the kind
described in Section 3(e)(v) hereof, such Holder will forthwith discontinue
disposition of Registrable Securities pursuant to a Registration Statement until
such Holder's receipt of the copies of the supplemented or amended Prospectus
contemplated by Section 3(i) hereof or of notice from the Company and the
Subsidiary Guarantors that the Prospectus may once again be used and, if so
directed by the Company and the Subsidiary Guarantors, such Holder will deliver
to the Company and the Subsidiary Guarantors all copies in its possession, other
than permanent file copies then in such Holder's possession, of the Prospectus
covering such Registrable Securities that is current at the time of receipt of
such notice.

         If the Company and the Subsidiary Guarantors shall give any such notice
to suspend the disposition of Registrable Securities pursuant to a Registration
Statement, the Company and the Subsidiary Guarantors shall extend the period
during which the Registration Statement shall be maintained effective pursuant
to this Agreement by the number of days during the period from and including the
date of the giving of such notice to and including the date when the Holders
shall have received copies of the supplemented or amended Prospectus necessary
to resume such dispositions. Notwithstanding the foregoing, the Company and the
Subsidiary Guarantors shall not be required to amend or supplement a Shelf
Registration Statement, any related Prospectus or any document incorporated
therein by reference, in the event that, and for a period not to exceed an
aggregate of 60 days in any calendar year if, (i) an event occurs and is
continuing as a result of which a Shelf Registration would, in the Company's
good faith judgment, contain an untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in
light of the circumstances under which they were made, not misleading; and
(ii)(a) the Company determines in its good faith judgment that the disclosure of
such event as such time would have a material adverse effect on the business
operations of the Company or (b) the disclosure otherwise relates to a pending
material business transaction that has not yet been publicly disclosed.

         The Holders of Registrable Securities covered by a Shelf Registration
Statement who desire to do so may sell such Registrable Securities in an
Underwritten Offering. In any such Underwritten Offering, the investment banker
or investment bankers and manager or managers (the "Underwriters") that will
administer the offering will be selected by the Majority Holders of the
Registrable Securities included in such offering.

4.       Participation of Broker-Dealers in Exchange Offer.

         (a)      The Staff of the SEC has taken the position that any
broker-dealer that receives Exchange Securities for its own account in the
Exchange Offer in exchange for Securities that were acquired by such
broker-dealer as a result of market-making or other trading activities (a
"Participating Broker-Dealer") may be deemed to be an "underwriter" within the
meaning of the Securities Act and must deliver a prospectus

<PAGE>

                                                                              13

meeting the requirements of the Securities Act in connection with any resale of
such Exchange Securities.

         The Company and the Subsidiary Guarantors understand that it is the
Staff's position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to
the above effect and the means by which Participating Broker-Dealers may resell
the Exchange Securities, without naming the Participating Broker-Dealers or
specifying the amount of Exchange Securities owned by them, such Prospectus may
be delivered by Participating Broker-Dealers to satisfy their prospectus
delivery obligation under the Securities Act in connection with resales of
Exchange Securities for their own accounts, so long as the Prospectus otherwise
meets the requirements of the Securities Act.

         (b)      In light of the above, notwithstanding the other provisions of
this Agreement, the Company and the Subsidiary Guarantors agree that the
provisions of this Agreement as they relate to a Shelf Registration shall also
apply to an Exchange Offer Registration to the extent, and with such reasonable
modifications thereto as may be reasonably requested by the Initial Purchaser or
by one or more Participating Broker-Dealers, in each case as provided in clause
(ii) below, in order to expedite or facilitate the disposition of any Exchange
Securities by Participating Broker-Dealers consistent with the positions of the
Staff recited in Section 4(a) above; provided that:

                  (i)      the Company and the Subsidiary Guarantors shall not
         be required to amend or supplement the Prospectus contained in the
         Exchange Offer Registration Statement, as would otherwise be
         contemplated by Section 3(i), for a period exceeding 180 days after the
         last Exchange Date (as such period may be extended pursuant to the
         penultimate paragraph of Section 3 of this Agreement) and Participating
         Broker-Dealers shall not be authorized by the Company and the
         Subsidiary Guarantors to deliver and shall not deliver such Prospectus
         after such period in connection with the resales contemplated by this
         Section 4; and

                  (ii)     the application of the Shelf Registration procedures
         set forth in Section 3 of this Agreement to an Exchange Offer
         Registration, to the extent not required by the positions of the Staff
         of the SEC or the Securities Act and the rules and regulations
         thereunder, will be in conformity with the reasonable request to the
         Company by the Initial Purchaser or with the reasonable request in
         writing to the Company by one or more broker-dealers who certify to the
         Initial Purchaser and the Company in writing that they anticipate that
         they will be Participating Broker-Dealers; and provided, further, that
         in connection with such application of the Shelf Registration
         procedures set forth in Section 3 to an Exchange Offer Registration,
         the Company and the Subsidiary Guarantors shall be obligated (x) to
         deal only with one entity representing the Participating
         Broker-Dealers, which shall be J.P. Morgan Securities Inc. unless it
         elects not to act as such representative, (y) to pay the fees and
         expenses of only one counsel representing the Participating
         Broker-Dealers, which shall be counsel to the Initial Purchaser unless
         such counsel elects not to so act and (z) to cause to be delivered only
         one, if any, "comfort" letter with respect to the Prospectus in the
         form existing on the

<PAGE>

                                                                              14

         last Exchange Date and with respect to each subsequent amendment or
         supplement, if any, effected during the period specified in clause (i)
         above.

         (c)      The Initial Purchaser shall have no liability to the Company,
any Subsidiary Guarantor or any Holder with respect to any request that it may
make pursuant to Section 4(b) above.

5.       Indemnification and Contribution.

         (a)      The Company and each Subsidiary Guarantor, jointly and
severally, agree to indemnify and hold harmless the Initial Purchaser and each
Holder, their respective affiliates and each Person, if any, who controls the
Initial Purchaser or any Holder within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act, from and against any and all
losses, claims, damages and liabilities (including, without limitation, legal
fees and other expenses incurred in connection with any suit, action or
proceeding or any claim asserted), joint or several, caused by any untrue
statement or alleged untrue statement of a material fact contained in any
Registration Statement or any Prospectus, or caused by any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, except insofar as such
losses, claims, damages or liabilities are caused by any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in
conformity with any information relating to the Initial Purchaser or any Holder
furnished to the Company in writing through J.P. Morgan Securities Inc. or any
selling Holder expressly for use therein; provided, however, that with respect
to any such untrue statement or alleged untrue statement in or omission from or
alleged omission from any preliminary prospectus, the indemnity agreement
contained in this Section 5(a) shall not inure to the benefit of any Holder from
whom the Person asserting any such loss, claim, damage, liability or action
received Securities or Exchange Securities to the extent such loss, claim,
damage, liability or action results from the fact that both (A) a copy of the
final prospectus was not sent or given to such person at or prior to the written
confirmation of the sale of such Securities or Exchange Securities to such
person and (B) the untrue statement or alleged untrue statement in or omission
from or alleged omission from the preliminary prospectus was corrected in the
final prospectus unless, in either case, such failure to deliver the final
prospectus was a result of non-compliance by the Company with Section 3(c) or
(g). In connection with any Underwritten Offering permitted by Section 3, the
Company and the Subsidiary Guarantors will also indemnify the Holders, if any,
selling brokers, dealers and similar securities industry professionals
participating in the distribution, their respective affiliates and each Person
who controls such Persons (within the meaning of the Securities Act and the
Exchange Act) to the same extent as provided above with respect to the
indemnification of the Holders, if requested in connection with any Registration
Statement.

         (b)      Each Holder agrees, severally and not jointly, to indemnify
and hold harmless the Company, the Subsidiary Guarantors, the Initial Purchaser
and the other selling Holders, their respective affiliates, the directors of the
Company and the Subsidiary Guarantors, each officer of the Company and the
Subsidiary Guarantors who

<PAGE>

                                                                              15

signed the Registration Statement and each Person, if any, who controls the
Company, the Subsidiary Guarantors, the Initial Purchaser and any other selling
Holder within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act to the same extent as the indemnity set forth in paragraph (a)
above, but only with respect to any losses, claims, damages or liabilities
caused by any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating
to such Holder furnished to the Company in writing by such Holder expressly for
use in any Registration Statement and any Prospectus.

         (c)      If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any Person in respect of which indemnification may be sought pursuant to either
paragraph (a) or (b) above, such Person (the "Indemnified Person") shall
promptly notify in writing the Person against whom such indemnification may be
sought (the "Indemnifying Person"); provided that the failure to notify the
Indemnifying Person shall not relieve it from any liability that it may have
under this Section 5 except to the extent that it has been materially prejudiced
(through the forfeiture of substantive rights or defenses) by such failure; and
provided, further, that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have to an Indemnified Person
otherwise than under this Section 5. If any such proceeding shall be brought or
asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5
that the Indemnifying Person may designate in such proceeding and shall pay the
fees and expenses of such counsel related to such proceeding. In any such
proceeding, any Indemnified Person shall have the right to retain its own
counsel, but the fees and expenses of such counsel shall be at the expense of
such Indemnified Person unless (i) the Indemnifying Person and the Indemnified
Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person
has failed within a reasonable time to retain counsel reasonably satisfactory to
the Indemnified Person; (iii) the Indemnified Person shall have reasonably
concluded that there may be legal defenses available to it that are different
from or in addition to those available to the Indemnifying Person; or (iv) the
named parties in any such proceeding (including any impleaded parties) include
both the Indemnifying Person and the Indemnified Person and representation of
both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. It is understood and agreed that the
Indemnifying Person shall not, in connection with any proceeding or related
proceeding in the same jurisdiction, be liable for the fees and expenses of more
than one separate firm (in addition to any local counsel) for all Indemnified
Persons, and that all such fees and expenses shall be reimbursed as they are
incurred. Any such separate firm (x) for the Initial Purchaser, its affiliates
and any control Persons of the Initial Purchaser shall be designated in writing
by J.P. Morgan Securities Inc., (y) for any Holder, its affiliates and any
control Persons of such Holder shall be designated in writing by the Majority
Holders and (z) in all other cases shall be designated in writing by the
Company. The Indemnifying Person shall not be liable for any settlement of any
proceeding effected without its written consent, but if settled with such
consent or if there be a final judgment for the plaintiff, the Indemnifying
Person agrees to indemnify each Indemnified Person

<PAGE>

                                                                              16

from and against any loss or liability by reason of such settlement or judgment.
Notwithstanding the foregoing sentence, if at any time an Indemnified Person
shall have requested that an Indemnifying Person reimburse the Indemnified
Person for fees and expenses of counsel as contemplated by this paragraph, the
Indemnifying Person shall be liable for any settlement of any proceeding
effected without its written consent if (i) such settlement is entered into more
than 30 days after receipt by the Indemnifying Person of such request and (ii)
the Indemnifying Person shall not have reimbursed the Indemnified Person in
accordance with such request prior to the date of such settlement. No
Indemnifying Person shall, without the written consent of the Indemnified
Person, effect any settlement of any pending or threatened proceeding in respect
of which any Indemnified Person is or could have been a party and
indemnification could have been sought hereunder by such Indemnified Person,
unless such settlement (i) includes an unconditional release of such Indemnified
Person from all liability on claims that are the subject matter of such
proceeding and (ii) does not include any statement as to or any admission of
fault, culpability or a failure to act by or on behalf of any Indemnified
Person.

         (d)      If the indemnification provided for in paragraphs (a) and (b)
above is unavailable to an Indemnified Person or insufficient in respect of any
losses, claims, damages or liabilities referred to therein, then each
Indemnifying Person under such paragraph, in lieu of indemnifying such
Indemnified Person thereunder, shall contribute to the amount paid or payable by
such Indemnified Person as a result of such losses, claims, damages or
liabilities (i) in such proportion as is appropriate to reflect the relative
benefits received by the Company and the Subsidiary Guarantors from the offering
of the Securities, on the one hand, and by the Holders from receiving Securities
or Exchange Securities registered under the Securities Act, on the other hand,
or (ii) if the allocation provided by clause (i) is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i) but also the relative fault of the Company
and the Subsidiary Guarantors on the one hand and the Holders on the other in
connection with the statements or omissions that resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of the Company and the Subsidiary Guarantors
on the one hand and the Holders on the other shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company and the Subsidiary Guarantors or
by the Holders and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.

         (e)      The Company, the Subsidiary Guarantors and the Holders agree
that it would not be just and equitable if contribution pursuant to this Section
5 were determined by pro rata allocation (even if the Holders were treated as
one entity for such purpose) or by any other method of allocation that does not
take account of the equitable considerations referred to in paragraph (d) above.
The amount paid or payable by an Indemnified Person as a result of the losses,
claims, damages and liabilities referred to in paragraph (d) above shall be
deemed to include, subject to the limitations set forth above, any legal or
other expenses incurred by such Indemnified Person in connection with

<PAGE>

                                                                              17

investigating or defending any such action or claim. Notwithstanding the
provisions of this Section 5, in no event shall a Holder be required to
contribute any amount in excess of the amount by which the total price at which
the Securities or Exchange Securities sold by such Holder exceeds the amount of
any damages that such Holder has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No
Person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

         (f)      The remedies provided for in this Section 5 are not exclusive
and shall not limit any rights or remedies that may otherwise be available to
any Indemnified Person at law or in equity.

         (g)      The indemnity and contribution provisions contained in this
Section 5 shall remain operative and in full force and effect regardless of (i)
any termination of this Agreement, (ii) any investigation made by or on behalf
of the Initial Purchaser, any Holder or any Person controlling the Initial
Purchaser or any Holder, or by or on behalf of the Company, the Subsidiary
Guarantors or the officers or directors of or any Person controlling the Company
or the Subsidiary Guarantors, (iii) acceptance of any of the Exchange Securities
and (iv) any sale of Registrable Securities pursuant to a Shelf Registration
Statement.

6.       Miscellaneous.

         (a)      No Inconsistent Agreements. The Company and the Subsidiary
Guarantors represent, warrant and agree that (i) the rights granted to the
Holders hereunder do not in any way conflict with and are not inconsistent with
the rights granted to the holders of any other outstanding securities issued or
guaranteed by the Company or any Subsidiary Guarantor under any other agreement
and (ii) neither the Company nor any Subsidiary Guarantor has entered into, or
on or after the date of this Agreement will enter into, any agreement that is
inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof.

         (b)      Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given unless the Company and the Subsidiary Guarantors have obtained
the written consent of Holders of at least a majority in aggregate principal
amount of the outstanding Registrable Securities affected by such amendment,
modification, supplement, waiver or consent; provided that no amendment,
modification, supplement, waiver or consent to any departure from the provisions
of Section 5 hereof shall be effective as against any Holder of Registrable
Securities unless consented to in writing by such Holder.

         (c)      Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, registered first
class mail, telex, telecopier, or any courier guaranteeing overnight delivery
(i) if to a Holder, at the most

<PAGE>

                                                                              18

current address given by such Holder to the Company by means of a notice given
in accordance with the provisions of this Section 6(c), which address initially
is, with respect to the Initial Purchaser, the address set forth in the Purchase
Agreement; and (ii) if to the Company and the Subsidiary Guarantors, initially
at the Company's address set forth in the Purchase Agreement and thereafter at
such other address, notice of which is given in accordance with the provisions
of this Section 6(c). All such notices and communications shall be deemed to
have been duly given: at the time delivered by hand, if personally delivered;
five business days after being deposited in the mail, postage prepaid, if
mailed; when answered back, if telexed; when receipt is acknowledged, if
telecopied; and on the next business day if timely delivered to an air courier
guaranteeing overnight delivery. Copies of all such notices, demands or other
communications shall be concurrently delivered by the Person giving the same to
the Trustee, at the address specified in the Indenture.

         (d)      Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors, assigns and transferees of each
of the parties, including, without limitation and without the need for an
express assignment, subsequent Holders; provided that nothing herein shall be
deemed to permit any assignment, transfer or other disposition of Registrable
Securities in violation of the terms of the Purchase Agreement. If any
transferee of any Holder shall acquire Registrable Securities in any manner,
whether by operation of law or otherwise, such Registrable Securities shall be
held subject to all the terms of this Agreement, and by taking and holding such
Registrable Securities such Person shall be conclusively deemed to have agreed
to be bound by and to perform all of the terms and provisions of this Agreement
and such Person shall be entitled to receive the benefits hereof. The Initial
Purchaser (in its capacity as Initial Purchaser) shall have no liability or
obligation to the Company or the Subsidiary Guarantors with respect to any
failure by a Holder to comply with, or any breach by any Holder of, any of the
obligations of such Holder under this Agreement.

         (e)      Purchases and Sales of Securities. Until the issuance of the
Exchange Securities or the effectiveness of the Shelf Registration Statement, as
the case may be, the Company and the Subsidiary Guarantors will not, and will
not permit any of its affiliates (as defined in Rule 144 under the Securities
Act) to, resell any of the Securities that have been acquired by any of them,
except for Securities purchased by the Company or any of its affiliates and
resold in a transaction registered under the Securities Act.

         (f)      Third Party Beneficiaries. Each Holder shall be a third party
beneficiary to the agreements made hereunder between the Company and the
Subsidiary Guarantors, on the one hand, and the Initial Purchaser, on the other
hand, and shall have the right to enforce such agreements directly to the extent
it deems such enforcement necessary or advisable to protect its rights or the
rights of other Holders hereunder.

         (g)      Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

<PAGE>

                                                                              19

         (h)      Headings. The headings in this Agreement are for convenience
of reference only and shall not limit or otherwise affect the meaning hereof.

         (i)      Governing Law. This Agreement shall be governed by the laws of
the State of New York without regard to conflicts of law principles.

         (j)      Severability. In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is
held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be affected or impaired thereby.
<PAGE>

                                                                              20

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           LAND O'LAKES, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              21

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           ACS STORES, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>
                                                                              22

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           ADVANCED BUSINESS CONCEPTS
                                           INTERNATIONAL, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              23

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           AG2AG, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              24

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           AGRICULTURAL INDEMNITY
                                           INSURANCE COMPANY,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              25

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           ALLIANCE MILK PRODUCTS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              26

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           AMERICA'S COUNTRY STORES
                                           HOLDINGS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              27

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           AMERICA'S COUNTRY STORES, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              28

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           DIAMOND CROSS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              29

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           FMR, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              30

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           FORAGE GENETICS, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              31

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           GOLDEN STATE FEEDS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              32

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           GOLDEN VALLEY DAIRY PRODUCTS,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              33

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           L.L. OLDS SEED COMPANY,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              34

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           LAND O'LAKES FARMLAND FEED LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              35

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           LAND O'LAKES HOLDINGS, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              36

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           LAND 0'LAKES INTERNATIONAL
                                           DEVELOPMENT CORPORATION,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              37

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           LOL HOLDINGS II, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              38

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           LOL POWER, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              39

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           MILK PRODUCTS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              40

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           NORTH COAST FERTILIZER II, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              41

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           NORTHWEST FOOD PRODUCTS COMPANY,
                                           INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              42

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           NORTHWEST FOOD PRODUCTS
                                           TRANSPORTATION, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              43

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           NUTRA-BLEND, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              44

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           PMI NUTRITION, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              45

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           PMI AGRICULTURE, L.L.C.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              46

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           PMI NUTRITION INTERNATIONAL, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              47

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           PURINA MILLS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              48

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           QC, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              49

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           QC HOLDINGS INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              50

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           QC INDUSTRIES, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              51

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           REALTY LOL, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              52

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           RESEARCH SEEDS, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              53

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           SEED RESEARCH, INC.,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              54

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                           THOMAS PRODUCTS, LLC,

                                               by ______________________________
                                                  Name:
                                                  Title:

<PAGE>

                                                                              55

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

         Confirmed and accepted as of the date first above written:

J.P. MORGAN SECURITIES INC.

         by _________________________
            Authorized Signatory

<PAGE>

                                                                      Schedule 1

Subsidiary Guarantors

ACS Stores, LLC
Advanced Business Concepts International, LLC
AG2AG, LLC
Agricultural Indemnity Insurance Company
Alliance Milk Products, LLC
America's Country Stores Holdings, LLC
America's Country Stores, LLC
Diamond Cross, LLC,
FMR, Inc.
Forage Genetics, Inc.
Golden State Feeds, LLC
Golden Valley Dairy Products
L.L. Olds Seed Company
Land O'Lakes Farmland Feed LLC
Land O'Lakes Holdings, Inc.
Land O'Lakes International Development Corporation
LOL Holdings II, Inc.
LOL Power, LLC
Milk Products, LLC
North Coast Fertilizer II, Inc.
Northwest Food Products Company, Inc.
Northwest Food Products Transportation LLC
Nutra-Blend, LLC
PMI Nutrition, LLC
PMI Agriculture, L.L.C.
PMI Nutrition International, LLC
Purina Mills, LLC
QC, Inc.
QC Holdings Inc.
QC Industries, Inc.
Realty LOL, Inc.
Research Seeds, Inc.
Seed Research, Inc.
Thomas Products, LLC<PAGE>

                                                                    EXHIBIT 4.12

                                                                  Execution Copy

                               LAND O'LAKES, INC.

                                  $175,000,000

                        9% Senior Secured Notes due 2010

                               Purchase Agreement

                                                               December 12, 2003

J.P. Morgan Securities Inc.
270 Park Avenue
New York, New York 10017

Ladies and Gentlemen:

         Land O'Lakes, Inc., a Minnesota cooperative corporation (the
"Company"), proposes to issue and sell to J.P. Morgan Securities Inc. (the
"Initial Purchaser") $175,000,000 principal amount of its 9% Senior Secured
Notes due 2010 (the "Securities"). The Securities will be issued pursuant to an
Indenture to be dated as of December 23, 2003 (the "Indenture") among the
Company, each entity listed on Schedule 2 hereto (collectively, the "Subsidiary
Guarantors") and U.S. Bank National Association, as trustee (the "Trustee"), and
will be guaranteed on a senior secured basis by each of the Subsidiary
Guarantors (the "Subsidiary Guarantees").

         The Securities will be offered and sold to the Initial Purchaser
without being registered under the Securities Act of 1933, as amended (the
"Securities Act"), in reliance upon an exemption therefrom. The Company has
prepared a preliminary offering memorandum dated December 7, 2003 (the
"Preliminary Offering Memorandum"), and will prepare an offering memorandum
dated the date hereof (the "Offering Memorandum") setting forth information
concerning the Company and the Securities. Copies of the Preliminary Offering
Memorandum have been, and copies of the Offering Memorandum will be, delivered
by the Company to the Initial Purchaser pursuant to the terms of this Agreement.
The Company hereby confirms that it has authorized the use of the Preliminary
Offering Memorandum and the Offering Memorandum in connection with the offering
and resale of the Securities by the Initial Purchaser in accordance with the
terms and conditions of this Agreement. Capitalized terms used but not defined
herein shall have the meanings given to such terms in the Offering Memorandum.

         Holders of the Securities (including the Initial Purchaser and its
direct and indirect transferees) will be entitled to the benefits of a
Registration Rights Agreement, substantially in the form attached hereto as
Exhibit A (the "Registration Rights Agreement"), pursuant to which the Company
and the Subsidiary Guarantors will agree to file one or more registration
statements with the Securities and Exchange Commission (the "Commission")
providing for the registration under the Securities Act of the Securities or the
Exchange Securities referred to (and as defined in) the Registration Rights
Agreement.

<PAGE>

                                                                               2

         In connection with the issue and sale of the Securities, the Company
will enter into amendments (the "Credit Agreement Amendments") with respect to
(i) the Credit Agreement, dated October 11, 2001, among the Company, JPMorgan
Chase Bank (formerly known as The Chase Manhattan Bank), as administrative agent
and collateral agent, and the lenders party thereto, and documents related
thereto (collectively, as amended, the "Term Credit Agreement") and (ii) the
Amended and Restated Five-Year Credit Agreement dated as of October 11, 2001,
among the Company, JPMorgan Chase Bank (formerly known as The Chase Manhattan
Bank), as administrative agent, CoBank, ACB, as co-administrative agent and the
lenders party thereto, and documents related thereto (collectively, as amended,
the "Revolving Credit Agreement" and together with the Term Credit Agreement,
the "Credit Agreements"), in each case, permitting the issuance of the
Securities and the granting of the second priority liens on the Collateral (as
defined below). The Securities are being issued to refinance certain
indebtedness outstanding under the Credit Agreements.

         Pursuant to (I) the Lien Subordination and Intercreditor Agreement to
be dated as of the Closing Date (as defined below) among the Company, JPMorgan
Chase Bank, as collateral agent (the "Credit Facilities Collateral Agent"), the
Trustee and the Subsidiary Guarantors (the "Intercreditor Agreement"), (II) the
Second Priority Collateral Agreement to be dated as of the Closing Date among
the Company, the Subsidiary Guarantors and U.S. Bank National Association, as
collateral agent (in such capacity, the "Collateral Agent") (the "Second
Priority Collateral Agreement"), and (III) the mortgages or deeds of trust with
respect to each of the following properties: (i) Route 3, Orland, California;
(ii) 1525 E. Bardsley, Tulare, California; (iii) 400 S "M" Street, Tulare,
California; (iv) 1125 Paulson Road, Turlock, California; (v) 890 North Prairie
Industrial Parkway, Mulberry, Florida; (vi) 1711 S. 2300 East, Gooding, Idaho;
(vii) 812 First Street S., Nampa, Idaho; (viii) 2472 West State Road 28,
Frankfort, Indiana; (ix) 505 North 4th Street, Richmonds NW Industrial Park,
Richmond, Indiana; (x) 1025 190th Street, Webster City, Iowa; (xi) 223 West 63rd
Street, Shreveport, Louisiana; (xii) 11671 Hopewell Road, Hagerstown, Maryland;
(xiii) 4001 Lexington Avenue N., Arden Hills, Minnesota; (xiv) 3901 Hiawatha
Avenue South, Minneapolis, Minnesota; (xv) 206 2nd Street NE, Pine Island,
Minnesota; (xvi) 3562 Highway MM, Gray Summit, Missouri; (xvii) 173 McNess Road,
Statesville, North Carolina; (xviii) 2001 Mogadore Road, Kent, Ohio; (xix) 1111
N. Cole Street, Lima, Ohio; (xx) 635 Collins Boulevard, Orrville Industrial
Park, Orrville, Ohio; (xxi) 15840 N. Simmons Road, Portland, Oregon; (xxii) 1609
S. E. 8th Avenue, Portland, Oregon; (xxiii) 405 Park Drive, Carlisle,
Pennsylvania; (xxiv) 475 St. Johns Church Road, Harrisburg, Pennsylvania; (xxv)
1501 East 4th Street, Fort Worth, Texas; (xxvi) 1402 East Sarah Dewitt Drive,
Gonzales, Texas; (xxvii) 201 East Municipal Drive, Lubbock, Texas; (xxiii) 305
Wall Street, Denmark, Wisconsin; (xxix) 423 Main Street, Greenwood, Wisconsin;
(xxx) 927 Eighth, Kiel, Wisconsin; (xxxi) 1002 E. Washington Street, Madison,
Wisconsin; (xxxii) 306 Park Street, Spencer, Wisconsin (collectively, the
"Mortgages" and together with the Intercreditor Agreement and the Second
Priority Collateral Agreement, the "Security Documents"), the Securities and the
Subsidiary Guarantees will be, on the Closing Date, secured on a second-priority
basis (subject to Permitted Collateral Liens (as defined in the Offering
Memorandum)) by certain collateral as described in the Offering Memorandum (the
"Collateral"). The Security Documents will grant a second-priority security
interest (subject to Permitted Collateral Liens) in the Collateral for the
benefit of the Trustee, the Collateral Agent and each holder of the Securities
and the successors and assigns of the foregoing (collectively, the "Secured
Parties"). Pursuant to the Credit

<PAGE>

                                                                               3

Agreements and the security documents relating thereto, the collateral agent for
the lenders under the Credit Agreements holds first-priority security interests
in the Collateral.

         The Company hereby confirms its agreement with the Initial Purchaser
concerning the purchase and resale of the Securities, as follows:

         1. Purchase and Resale of the Securities. (a) The Company agrees to
issue and sell the Securities to the Initial Purchaser as provided in this
Agreement, and the Initial Purchaser, on the basis of the representations,
warranties and agreements set forth herein and subject to the conditions set
forth herein, agrees to purchase from the Company the principal amount of
Securities set forth in Schedule 1 hereto at a price equal to 100% of the
principal amount thereof plus accrued interest, if any, from December 23, 2003
to the date of payment and delivery. In connection with the issuance and sale of
the Securities, the Company agrees to pay to the Initial Purchaser a commission
equal to 1.575% of the principal amount of Securities set forth in Schedule 1
hereto, which commission may be offset against the purchase price set forth in
the immediately preceding sentence. The Company will not be obligated to deliver
any of the Securities except upon payment for all the Securities to be purchased
as provided herein.

         (b) The Company understands that the Initial Purchaser intends to offer
the Securities for resale on the terms and subject to the conditions set forth
herein and in the Offering Memorandum. The Initial Purchaser represents,
warrants and agrees that:

                  (i) it has not solicited offers for, or offered or sold, and
         will not solicit offers for, or offer or sell, the Securities by means
         of any form of general solicitation or general advertising within the
         meaning of Rule 502(c) of Regulation D under the Securities Act
         ("Regulation D") or in any manner involving a public offering within
         the meaning of Section 4(2) of the Securities Act;

                  (ii) it has not solicited offers for, or offered or sold, and
         will not solicit offers for, or offer or sell, the Securities as part
         of their initial offering except:

                           (A) within the United States to persons whom it
                  reasonably believes to be qualified institutional buyers, as
                  defined in Rule 144A under the Securities Act ("Rule 144A") (a
                  "QIB"), in transactions pursuant to Rule 144A, and in
                  connection with each such sale, it has taken or will take
                  reasonable steps to ensure that the purchaser of the
                  Securities is aware that such sale is being made in reliance
                  on Rule 144A; or

                           (B) in accordance with the restrictions set forth in
                  Annex A hereto;

                  (iii) it is a QIB; and

                  (iv) it is purchasing the Securities pursuant to a private
         sale exempt from registration under the Securities Act.

         (c) The Initial Purchaser acknowledges and agrees that the Company and,
for purposes of the opinions to be delivered to the Initial Purchaser pursuant
to Sections 5(f) and 5(g), counsel for the Company and for the Initial
Purchaser, respectively, may rely upon the accuracy of the

<PAGE>

                                                                               4

representations and warranties of the Initial Purchaser and its compliance with
its agreements contained in paragraph (b) above (including Annex A hereto), and
the Initial Purchaser hereby consents to such reliance.

         (d) The Company and each of the Subsidiary Guarantors acknowledges and
agrees that the Initial Purchaser may offer and sell Securities to or through
any affiliate of the Initial Purchaser and that any such affiliate may offer and
sell Securities purchased by it to or through the Initial Purchaser.

         (e) The Initial Purchaser agrees that, prior to or essentially
simultaneously with the confirmation of sale by the Initial Purchaser to any
purchaser of the Securities purchased by the Initial Purchaser from the Company
pursuant thereto, the Initial Purchaser shall furnish to that purchaser a copy
of the Offering Memorandum (and any amendment or supplement thereto that the
Company shall have furnished to the Initial Purchaser prior to the date of such
confirmation of sale where required by applicable law).

         2. Payment and Delivery, (a) Payment for and delivery of the Securities
will be made at the offices of Faegre & Benson LLP, Minneapolis, MN at 9:00
A.M., Minneapolis time, on December 23, 2003, or at such other time on the same
or such other date, not later than the fifth Business Day thereafter, as the
Initial Purchaser and the Company may agree upon in writing. The time and date
of such payment and delivery is referred to herein as the "Closing Date". As
used herein, the term "Business Day" means any day other than a day on which
banks are permitted or required to be closed in New York City.

         (b) Payment for the Securities shall be made by wire transfer in
immediately available funds to the account specified by the Company to the
Initial Purchaser against delivery to the nominee of The Depository Trust
Company, for the account of the Initial Purchaser, of one or more global notes
representing the Securities (collectively, the "Global Note"), with any transfer
taxes payable in connection with the sale of the Securities duly paid by the
Company. The Global Note will be made available for inspection by the Initial
Purchaser not later than 12:00 P.M., Minneapolis time, on the Business Day prior
to the Closing Date.

         3. Representations and Warranties of the Company and the Subsidiary
Guarantors. The Company and the Subsidiary Guarantors jointly and severally
represent and warrant to the Initial Purchaser that:

         (a) Offering Memorandum. The Preliminary Offering Memorandum, as of its
date, did not, and the Offering Memorandum, in the form first used by the
Initial Purchaser to confirm sales of the Securities and on the Closing Date,
will not, contain any untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements therein, in the light of
the circumstances under which they were made, not misleading; provided that the
Company and the Subsidiary Guarantors make no representation or warranty with
respect to any statements or omissions made in reliance upon and in conformity
with information relating to the Initial Purchaser furnished to the Company in
writing by the Initial Purchaser expressly for use in the Preliminary Offering
Memorandum and the Offering Memorandum.

<PAGE>

                                                                               5

         (b) Financial Statements. The financial statements and the related
notes thereto included in the Preliminary Offering Memorandum and the Offering
Memorandum present fairly the financial position of the Company and its
Subsidiaries (as defined below), Land O'Lakes Farmland Feed LLC and its
subsidiaries, Land O'Lakes Feed Division and Agriliance, LLC and its
subsidiaries, as of the dates indicated and the results of their operations and
the changes in their cash flows for the periods specified, subject to year-end
audit adjustments in the case of interim unaudited financial statements; and
such financial statements have been prepared in conformity with generally
accepted accounting principles applied on a consistent basis. For purposes of
this Agreement, the term "Subsidiary" means any corporation, association,
partnership or other business entity of which more than 50% of the total voting
power of capital stock or other such interests (including partnership interests)
entitled (without regard to the occurrence of any contingency) to vote in the
election of directors, managers or trustees thereof is at the time owned or
controlled, directly or indirectly, by the Company, the Company and its
Subsidiaries or the Company's Subsidiaries.

         (c) No Material Adverse Change. Except as stated in the Offering
Memorandum, since the date of the most recent financial statements of the
Company included in the Offering Memorandum, (i) there has not been any change
in the capital stock or long-term debt of the Company or its Subsidiaries, or
any dividend or distribution of any kind declared, paid or made by the Company
or its Subsidiaries on any class of capital stock, or any material adverse
change, or any development involving a prospective material adverse change, in
or affecting the general affairs, business, properties, management, financial
position, stockholders' equity or results of operations of the Company and its
Subsidiaries taken as a whole; (ii) neither the Company nor any of its
Subsidiaries has entered into any transaction or agreement that is material to
the Company and Subsidiaries taken as a whole (whether or not in the ordinary
course of business) or incurred any liability or obligation, direct or
contingent, that is material to the Company and its Subsidiaries taken as a
whole (other than in the ordinary course of business); and (iii) the Company and
its Subsidiaries taken as a whole have not sustained any material loss or
interference with its business from fire, explosion, flood or other calamity,
whether or not covered by insurance, or from any labor dispute or any action,
order or decree of any court or arbitrator or governmental or regulatory
authority.

         (d) Incorporation and Good Standing. The Company and each of the
Subsidiary Guarantors have been duly incorporated or organized, as the case may
be, and are validly existing as corporations or other business entities, as the
case may be, in good standing under the laws of their respective jurisdictions
of incorporation or organization, as the case may be, are duly qualified to do
business and are in good standing as foreign entities in each jurisdiction in
which their respective ownership or lease of property or the conduct of their
respective businesses requires such qualification, and have all power and
authority (corporate and other) necessary to own or hold their respective
properties and to conduct the businesses in which they are engaged, except where
the failure to be so qualified or have such power or authority does not or would
not, individually or in the aggregate, have a material adverse effect on the
general affairs, business, properties, management, financial position,
stockholders' equity or results of operations of the Company and its Subsidiary
Guarantors taken as a whole or on the performance by the Company of its
obligations under the Securities (a "Material Adverse Effect"). The Company does
not own or control, directly or indirectly, any corporation, association or
other entity other than the subsidiaries listed in Schedule 3 to this Agreement.

<PAGE>

                                                                               6

         (e) Capitalization. The Company has an authorized capitalization as set
forth in the Offering Memorandum under the heading "Capitalization"; and except
as set forth in Schedule 3, all the outstanding shares of capital stock,
membership interests or other equity interests of each Subsidiary of the Company
have been duly and validly authorized and issued, are fully paid and
nonassessable and are owned directly or indirectly by the Company, free and
clear of any lien, charge, encumbrance, security interest, restriction on voting
or transfer or any other claim of any third party, other than liens granted
pursuant to the Credit Agreements, the Indenture or the Security Documents.
Schedule 3 lists the governance and economic interests of the Company in each of
its Subsidiaries.

         (f) Due Authorization. The Company and each of the Subsidiary
Guarantors had full corporate or other organizational right, power and authority
to execute and deliver each of the Credit Agreement Amendments to which they
were a party and to perform their respective obligations thereunder; the Company
and each of the Subsidiary Guarantors signatory thereto have full corporate or
other organizational right, power and authority to execute and deliver this
Agreement, the Securities, the Indenture (including each Subsidiary Guarantee
set forth therein), the Exchange Securities, the Security Documents and the
Registration Rights Agreement (collectively, together with the Credit Agreement
Amendments, the "Transaction Documents") and to perform their respective
obligations hereunder and thereunder; and all corporate or other organizational
action required to be taken for the due and proper authorization, execution and
delivery of each of the Transaction Documents and the consummation of the
transactions contemplated thereby have been duly and validly taken.

         (g) The Indenture. The Indenture has been duly authorized by the
Company and each of the Subsidiary Guarantors and, when duly executed and
delivered in accordance with its terms by each of the parties thereto, will
constitute a valid and legally binding agreement of the Company and each of the
Subsidiary Guarantors enforceable against the Company and each of the Subsidiary
Guarantors in accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization or similar laws now or
hereafter in effect relating to or affecting the enforcement of creditors'
rights generally or by equitable principles relating to enforceability (whether
considered a proceeding in equity or at law) (collectively, the "Enforceability
Exceptions"); and on the Closing Date, the Indenture will conform in all
material respects to the requirements of the Trust Indenture Act of 1939, as
amended (the "Trust Indenture Act"), and the rules and regulations of the
Commission applicable to an indenture that is qualified thereunder.

         (h) The Securities and the Guarantees. The Securities have been duly
authorized by the Company and, when duly executed, authenticated, issued and
delivered as provided in the Indenture (assuming the Indenture is a valid and
legally binding obligation of the Trustee) and paid for as provided herein, will
be duly and validly issued and outstanding and will constitute valid and legally
binding obligations of the Company enforceable against the Company in accordance
with their terms, subject to the Enforceability Exceptions, and will be entitled
to the benefits of the Indenture; and the Guarantees have been duly authorized
by each of the Subsidiary Guarantors and, when the Securities have been duly
executed, authenticated, issued and delivered as provided in the Indenture
(assuming the Indenture is a valid and legally binding obligation of the
Trustee) and paid for as provided herein, will be valid and legally binding
obligations of each of the Subsidiary Guarantors, enforceable against each of
the Subsidiary

<PAGE>

                                                                               7

Guarantors in accordance with their terms, subject to the Enforceability
Exceptions, and will be entitled to the benefits of the Indenture.

         (i) The Exchange Securities. On the Closing Date, the Exchange
Securities (including the related Subsidiary Guarantees) will have been duly
authorized by the Company, or by each of the Subsidiary Guarantors in the case
of the related Subsidiary Guarantees, and, when duly executed, authenticated,
issued and delivered as contemplated by the Registration Rights Agreement, will
be duly and validly issued and outstanding and will constitute valid and legally
binding obligations of the Company, as issuer of the Exchange Securities, and
each of the Subsidiary Guarantors, as guarantor, enforceable against the Company
and each of the Subsidiary Guarantors, as the case may be, in accordance with
their terms, subject to the Enforceability Exceptions, and will be entitled to
the benefits of the Indenture.

         (j) Purchase and Registration Rights Agreements. This Agreement has
been duly authorized, executed and delivered by the Company and each of the
Subsidiary Guarantors; and the Registration Rights Agreement has been duly
authorized by the Company and each of the Subsidiary Guarantors and, when duly
executed and delivered in accordance with its terms by each of the parties
thereto, will constitute a valid and legally binding agreement of the Company
and each of the Subsidiary Guarantors enforceable against the Company and each
of the Subsidiary Guarantors in accordance with its terms, subject to the
Enforceability Exceptions, and except that rights to indemnity and contribution
may be limited by applicable law and public policy.

         (k) Other Transaction Documents. Each of the Security Documents and the
Credit Agreement Amendments has been, or as of the Closing Date will be, duly
authorized, executed and delivered by the Company and each of the Subsidiary
Guarantors (to the extent party thereto) and constitutes, or as of the Closing
Date will constitute, a valid and legally binding agreement of the Company and
such Subsidiary Guarantors enforceable against the Company and such Subsidiary
Guarantors in accordance with its terms, subject to the Enforceability
Exceptions.

         (1) Descriptions of Transaction Documents. On the Closing Date, each
Transaction Document will conform in all material respects to the description
thereof contained in the Preliminary Offering Memorandum and the Offering
Memorandum.

         (m) No Violation or Default. Neither the Company nor any of its
Subsidiaries is (i) in violation of its charter or by-laws (or other comparable
organizational documents); (ii) in default in any material respect, and no event
has occurred that, with notice or lapse of time or both, would constitute such a
default, in the due performance or observance of any term, covenant or condition
contained in any indenture, mortgage, deed of trust, loan agreement or other
agreement or instrument to which the Company or any of its Subsidiaries is a
party or by which the Company or any of its Subsidiaries is bound or to which
any of the property or assets of the Company or any of its Subsidiaries is
subject; or (iii) in violation in any material respect of any law or statute or
any judgment, order or regulation of any court or arbitrator or governmental or
regulatory authority to which it or its property or assets may be subject,
except, in the case of clauses (ii) and (iii) above, for any such default or
violation that would not, individually or in the aggregate, have a Material
Adverse Effect.

<PAGE>

                                                                               8

         (n) No Conflicts With Existing Instruments; No Consents Required. The
execution, delivery and performance by the Company and each of the Subsidiary
Guarantors of each of the Transaction Documents to which each is a party, the
issuance and sale of the Securities and compliance by the Company and each of
the Subsidiary Guarantors with the terms thereof and the consummation of the
transactions contemplated by the Transaction Documents will not conflict with or
result in a breach or violation of any of the terms or provisions of, or
constitute a default under, or result in the creation or imposition of any lien,
charge or encumbrance (except liens, charges or encumbrances created or imposed
under the Transaction Documents) upon any property or assets of the Company or
any of its Subsidiaries pursuant to, any material indenture, mortgage, deed of
trust, loan agreement or other material agreement or instrument to which the
Company or any of its Subsidiaries is a party or by which the Company or any of
its Subsidiaries is bound or to which any of the property or assets of the
Company or any of its Subsidiaries is subject, nor will any such action result
in any violation of the provisions of the charter or by-laws of the Company or
any of its Subsidiaries or any law or statute or any judgment, order or
regulation of any court or arbitrator or governmental or regulatory authority
having jurisdiction over the Company or any of its Subsidiaries or any of their
respective properties or assets; and, assuming the accuracy of the
representations, warranties and agreements of the Initial Purchaser herein, no
consent, approval, authorization, order, registration or qualification of or
with any such court or arbitrator or governmental or regulatory authority is
required for the execution, delivery and performance by the Company and each of
the Subsidiary Guarantors of each of the Transaction Documents to which each is
a party, the issuance and sale of the Securities and compliance by the Company
and each of the Subsidiary Guarantors with the terms thereof and the
consummation of the transactions contemplated by the Transaction Documents,
except for such consents, approvals, authorizations, orders and registrations or
qualifications as may be required (i) under applicable state securities laws in
connection with the purchase and resale of the Securities by the Initial
Purchaser and (ii) with respect to the Exchange Securities under the Securities
Act and applicable state securities laws as contemplated by the Registration
Rights Agreement.

         (o) Legal Proceedings. Except as specifically described in Offering
Memorandum (or, if the Offering Memorandum is not in existence, the most recent
Preliminary Offering Memorandum), there are no legal, governmental or regulatory
investigations, actions, suits or proceedings pending or threatened to which the
Company or any of its Subsidiaries is or would be a party or to which any
property of the Company or any of its Subsidiaries is or would be the subject
that, individually or in the aggregate, if determined adversely to the Company
or any of its Subsidiaries, could reasonably be expected to have a Material
Adverse Effect; and to the knowledge of the Company and each of the Subsidiary
Guarantors, no such investigations, actions, suits or proceedings are threatened
or contemplated by any governmental or regulatory authority or threatened by
others.

         (p) Independent Accountants. KPMG LLP, who have certified certain
financial statements of the Company and its Subsidiaries, Land O'Lakes Farmland
Feed LLC and its subsidiaries, Land O'Lakes Feed Division and Agriliance, LLC
and its subsidiaries, are independent public accountants with respect to each of
the foregoing within the meaning of Rule 101 of the Code of Professional Conduct
of the American Institute of Certified Public Accountants and its
interpretations and rulings thereunder.

<PAGE>

                                                                               9

         (q) Title to Real and Personal Property. The Company and its
Subsidiaries have good and marketable title in fee simple to, or have valid
rights to lease or otherwise use, all items of real and personal property that
are material to the respective businesses of the Company and its Subsidiaries,
in each case free and clear of all liens, encumbrances, claims and defects and
imperfections of title except for those incurred to secure amounts outstanding
under the Credit Agreements, other than Permitted Liens (as defined in the
Offering Memorandum), and those that (i) do not materially interfere with the
use made and proposed to be made of such property by the Company and its
Subsidiaries or (ii) could not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect.

         (r) Title to Intellectual Property. The Company and its Subsidiaries
own or possess adequate rights to use all material patents, patent applications,
trademarks, service marks, trade names, trademark registrations, service mark
registrations, copyrights, licenses and know-how (including trade secrets and
other unpatented and/or unpatentable proprietary or confidential information,
systems or procedures) necessary for the conduct of their respective businesses;
and the conduct of their respective businesses will not conflict in any material
respect with, and the Company and its Subsidiaries have not received any notice
of any claim of conflict with, any such rights of others, except as could not
reasonably be expected to have Material Adverse Effect.

         (s) Investment Company Act. Neither the Company nor any of its
Subsidiaries is, and after giving effect to the offering and sale of the
Securities and the application of the proceeds thereof as described in the
Preliminary Offering Memorandum and the Offering Memorandum none of them will
be, an "investment company" or an entity "controlled" by an "investment company"
within the meaning of the Investment Company Act of 1940, as amended, and the
rules and regulations of the Commission thereunder (collectively, "Investment
Company Act").

         (t) Public Utility Holding Company Act. Neither the Company nor any of
its Subsidiaries is a "holding company" or a "subsidiary company" of a holding
company or an "affiliate" thereof within the meaning of the Public Utility
Holding Company Act of 1935, as amended.

         (u) Taxes. The Company and its Subsidiaries have paid all federal,
state, local and foreign taxes and filed all tax returns required to be paid or
filed through the date hereof except for taxes being contested in good faith for
which adequate reserves have been provided; and except as otherwise specifically
disclosed in the Preliminary Offering Memorandum and the Offering Memorandum,
there is no tax deficiency that has been, or could reasonably be expected to be,
asserted against the Company or any of its Subsidiaries, which had, or could
reasonably be expected to have, a Material Adverse Effect.

         (v) Licenses and Permits. The Company and its Subsidiaries possess all
licenses, certificates, permits and other authorizations issued by, and have
made all declarations and filings with, the appropriate federal, state, local or
foreign governmental or regulatory authorities that are necessary for the
ownership or lease of their respective properties or the conduct of their
respective businesses as described in the Preliminary Offering Memorandum and
the Offering Memorandum, except where the failure to possess or make the same
would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect; and except as

<PAGE>

                                                                              10

specifically described in the Preliminary Offering Memorandum and the Offering
Memorandum, neither the Company nor any of its subsidiaries has received notice
of any revocation or modification of any such license, certificate, permit or
authorization or has any reason to believe that any such license, certificate,
permit or authorization will not be renewed in the ordinary course, except where
the revocation or modification of any such license, certificate, authorization
or permit or the failure to renew any such license, certificate, authorization
or permit could not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect.

         (w) No Labor Disputes. No labor disturbance by or dispute with
employees of the Company or any of its subsidiaries exists or, to the knowledge
of the Company and each of the Subsidiary Guarantors, is threatened that, in the
aggregate, could reasonably be expected to result in a Material Adverse Effect.

         (x) Compliance With Environmental Laws. Except as described in the
Offering Memorandum, the Company and its Subsidiaries (i) are in compliance with
any and all applicable federal, state, local and foreign laws and regulations
relating to the protection of human health and safety, the environment or
hazardous or toxic substances or wastes, pollutants or contaminants
(collectively, "Environmental Laws"), and none of them has received notice of
any outstanding violations of any Environmental Laws; (ii) have received all
permits, licenses or other approvals required of them under applicable
Environmental Laws to conduct their respective businesses; and (iii) are in
compliance with all terms and conditions of any such permit, license or
approval, except for any such failure to comply, or to receive required permits,
licenses or approvals, as would not, individually or in the aggregate, have a
Material Adverse Effect.

         (y) Compliance With ERISA. Each employee benefit plan, within the
meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974,
as amended ("ERISA"), that is maintained, administered or contributed to by the
Company or any of its Subsidiaries for employees or former employees of the
Company and its Subsidiaries has been maintained in compliance with its terms
and the requirements of any applicable statutes, orders, rules and regulations,
including but not limited to ERISA and the Internal Revenue Code of 1986, as
amended (the "Code"). No prohibited transaction, within the meaning of Section
406 of ERISA or Section 4975 of the Code, has occurred with respect to any such
plan excluding transactions effected pursuant to a statutory or administrative
exemption. For each such plan that is subject to the funding rules of Section
412 of the Code or Section 302 of ERISA, no "accumulated funding deficiency" as
defined in Section 412 of the Code has been incurred, whether or not waived, and
the fair market value of the assets of each such plan (excluding for these
purposes accrued but unpaid contributions) exceeds the present value of all
benefits accrued under such plan determined using reasonable actuarial
assumptions, except where such deficiency or failure to exceed could not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect.

         (z) Accounting Controls. The Company and its Subsidiaries maintain
systems of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with management's
general or specific authorizations; (ii) transactions are recorded as necessary
to permit preparation of financial statements in conformity with generally
accepted accounting principles and to maintain asset accountability; (iii)
access to assets is

<PAGE>

                                                                              11

permitted only in accordance with management's general or specific
authorization; and (iv) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken with
respect to any differences.

         (aa) Insurance. The Company and its Subsidiaries have insurance
covering their respective properties, operations, personnel and businesses,
which insurance is in amounts and insures against such losses and risks as are
adequate to protect the Company and its Subsidiaries and their respective
businesses; and neither the Company nor any of its subsidiaries has (i) received
notice from any insurer or agent of such insurer that capital improvements or
other expenditures are required or necessary to be made in order to continue
such insurance or (ii) any reason to believe that it will not be able to renew
its existing insurance coverage as and when such coverage expires or to obtain
similar coverage at reasonable cost from similar insurers as may be necessary to
continue its business, except, in either case, as would not be expected to have
a Material Adverse Effect.

         (bb) No Unlawful Payments. Neither the Company nor any of its
Subsidiaries nor, to the knowledge of the Company and each of the Subsidiary
Guarantors, any director, officer, agent, employee or other person associated
with or acting on behalf of the Company or any of its Subsidiaries has (i) used
any corporate funds for any unlawful contribution, gift, entertainment or other
unlawful expense relating to political activity; (ii) made any direct or
indirect unlawful payment to any foreign or domestic government official or
employee from corporate funds; (iii) violated or is in violation of any
provision of the Foreign Corrupt Practices Act of 1977; or (iv) made any bribe,
rebate, payoff, influence payment, kickback or other unlawful payment.

         (cc) Margin Rules. Neither the issuance, sale and delivery of the
Securities nor the application of the proceeds thereof by the Company as
described in the Preliminary Offering Memorandum and the Offering Memorandum
will violate Regulation T, U or X of the Board of Governors of the Federal
Reserve System or any other regulation of such Board of Governors.

         (dd) Solvency. On and immediately after the Closing Date, the Company
and each of the Subsidiary Guarantors (after giving effect to the issuance of
the Securities and the other transactions related thereto as described in the
Offering Memorandum) will be Solvent. As used in this paragraph, the term
"Solvent" means, with respect to a particular date, that on such date (i) the
fair value of the assets of each of the Company and the Subsidiary Guarantors,
at a fair valuation, will exceed its debts and liabilities, subordinated,
contingent or otherwise; (ii) the present fair saleable value of the property of
each of the Company and the Subsidiary Guarantors will be greater than the
amount that will be required to pay the probable liability of its debts and
other liabilities, subordinated, contingent or otherwise, as such debts and
other liabilities become absolute and matured; (iii) each of the Company and the
Subsidiary Guarantors will be able to pay its debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured; and (iv) each of the Company and the Subsidiary Guarantors
will not have unreasonably small capital with which to conduct the business in
which it is engaged as such business is now conducted and is proposed to be
conducted following the Closing Date.

         (ee) Patronage Payments. All claims by members for cash payments of
patronage dividends, revolvements and redemptions under applicable laws,
including bankruptcy, insolvency, receivership or similar laws now or hereafter
in effect, are claims in respect of equity

<PAGE>

                                                                              12

interests and will rank junior in right of payment to all obligations under this
Agreement, the Indenture, the Securities and the Exchange Securities.

         (ff) No Broker's Fees. Neither the Company nor any of its Subsidiaries
is a party to any contract, agreement or understanding with any person (other
than this Agreement) that would give rise to a valid claim against the Company
or any of its Subsidiaries or the Initial Purchaser for a brokerage commission,
finder's fee or like payment in connection with the offering and sale of the
Securities.

         (gg) Rule 144A Eligibility. The Securities satisfy the eligibility
requirements of Rule 144A(d)(3) under the Securities Act, and each of the
Offering Memorandum, as of its respective date, contains or will contain all the
information that, if requested by a prospective purchaser of the Securities,
would be required to be provided to such prospective purchaser pursuant to Rule
144A(d)(4) under the Securities Act.

         (hh) No Integration. Neither the Company nor any of its affiliates (as
defined in Rule 501 (b) of Regulation D) has, directly or through any agent,
sold, offered for sale, solicited offers to buy or otherwise negotiated in
respect of, any security (as defined in the Securities Act), that is or will be
integrated with the sale of the Securities in a manner that would require
registration of the Securities under the Securities Act.

         (ii) No General Solicitation or Directed Selling Efforts. Assuming the
accuracy of the representations and warranties of the Initial Purchaser
contained in Section l(b) (including Annex A hereto) and its compliance with its
agreements set forth therein, none of the Company or any of its affiliates or
any other person acting on its or their behalf has (i) solicited offers for, or
offered or sold, the Securities by means of any form of general solicitation or
general advertising within the meaning of Rule 502(c) of Regulation D or in any
manner involving a public offering within the meaning of Section 4(2) of the
Securities Act or (ii) engaged in any directed selling efforts within the
meaning of Regulation S under the Securities Act ("Regulation S"), and all such
persons have complied with the offering restrictions requirement of Regulation
S.

         (jj) Securities Law Exemptions. Assuming the accuracy of the
representations and warranties of the Initial Purchaser contained in Section
l(b) (including Annex A hereto) and its compliance with its agreements set forth
therein, it is not necessary, in connection with the issuance and sale of the
Securities to the Initial Purchaser and the offer, resale and delivery of the
Securities by the Initial Purchaser in the manner contemplated by this Agreement
and the Offering Memorandum, to register the Securities under the Securities Act
or to qualify the Indenture under the Trust Indenture Act.

         (kk) No Stabilization. Neither the Company nor any of the Subsidiary
Guarantors has taken, directly or indirectly, any action designed to or that
could reasonably be expected to cause or result in any stabilization or
manipulation of the price of the Securities.

         (11) Forward-Looking Statements. No forward-looking statement (within
the meaning of Section 27 A of the Securities Act and Section 21 E of the
Exchange Act) contained in the

<PAGE>

                                                                              13

Preliminary Offering Memorandum and the Offering Memorandum has been made or
reaffirmed without a reasonable basis or has been disclosed other than in good
faith.

         (mm) Security Documents Complete. The Security Documents represent all
of the collateral and guarantee agreements, security agreements, mortgages and
other similar agreements necessary to grant to the holders of the Securities a
valid security interest in the Collateral, which security interest will rank
immediately junior in priority (subject to Permitted Collateral Liens) to the
security interests in the Collateral securing the Priority Lien Obligations.

         (nn) Security Interests. On and as of the Closing Date:

                  (i) Upon execution and delivery of the Second Priority
         Collateral Agreement, delivery to the Credit Facilities Collateral
         Agent of the certificates or instruments representing or evidencing the
         Pledged Securities or other Collateral (in each case as defined in the
         Second Priority Collateral Agreement) in accordance with the Second
         Priority Collateral Agreement (or in the case of certificates or
         instruments representing or evidencing Collateral which are then in the
         possession of the Credit Facilities Collateral Agent, upon the
         execution and delivery of the Intercreditor Agreement) and, in the case
         of Collateral not constituting certificated securities or instruments,
         the filing of Uniform Commercial Code financing statements and any
         other applicable registrations in the appropriate filing offices, the
         Secured Parties will obtain a valid and perfected lien upon and
         security interest in all right, title and interest of the Company in
         such Collateral (to the extent a lien upon or security interest in such
         Collateral may be perfected by possession, by filings under the Uniform
         Commercial Code as in effect in any applicable jurisdiction or by any
         filings required with the United States Patent and Trademark Office or
         United States Copyright Office) as security for the payment and
         performance of the Obligations (as defined in the Second Priority
         Collateral Agreement), which security interest will rank immediately
         junior in priority (subject to Permitted Collateral Liens) to the
         security interests in the Collateral securing the Priority Lien
         Obligations.

                  (ii) Upon the execution and delivery of the Mortgages, the
         Mortgages will be effective to grant a legal and valid mortgage lien on
         all of the mortgagor's right, title and interest in each of the
         mortgaged properties thereunder. When the Mortgages are duly recorded
         in the proper recorders' offices or appropriate public records and the
         mortgage recording fees and taxes in respect thereof are paid and
         compliance is otherwise had with the formal requirements of state or
         local law applicable to the recording of real estate mortgages
         generally, each such Mortgage shall constitute a validly perfected and
         enforceable second-priority security interest in the related mortgaged
         property, for the ratable benefit of the Secured Parties, subject only
         to Permitted Collateral Liens and other encumbrances and exceptions to
         title expressly set forth therein and except to the extent that such
         enforceability may be limited by applicable bankruptcy, insolvency,
         fraudulent conveyance, reorganization, moratorium and other similar
         laws affecting creditors' rights generally and by general equitable
         principles (whether considered in a proceeding in equity or at law).

                  (iii) The mortgaged properties under the Mortgages comply in
         all material respects with all applicable setback requirements, zoning
         codes, ordinances, laws and regulations,

<PAGE>

                                                                              14

         except where non-compliance would not, individually or in the
         aggregate, have a Material Adverse Effect.

                  (iv) There are no pending or, to the knowledge of the Company,
         threatened condemnation proceedings, lawsuits, or administrative
         actions relating to the mortgaged properties under the Mortgages which
         would have, individually or in the aggregate, a Material Adverse
         Effect.

         (oo) Accounts. Neither the Company nor any of the Subsidiary Guarantors
holds any Accounts with respect to which the Collateral Agent will not hold a
perfected Pari Passu Lien on the Closing Date, other than such Accounts, if any,
in which the Credit Facilities Secured Parties (as defined in the Intercreditor
Agreement) do not or will not hold Priority Liens.

         (pp) Inventory. Neither the Company nor any of the Subsidiary
Guarantors maintains any Inventory (as defined in the Second Priority Collateral
Agreement) with respect to which the Collateral Agent will not hold a perfected
Pari Passu Lien on the Closing Date, other than such Inventory, if any, in which
the Credit Facilities Secured Parties do not or will not hold Priority Liens.

         (qq) Perfection Certificate. None of the Perfection Certificate (as
defined in the Indenture) or any other written information relating to the
Collateral delivered after the date hereof by or on behalf of the Company or any
Subsidiary Guarantor to the Collateral Agent or the Trustee pursuant to any
provision of the Indenture or any Security Document is or will be incorrect when
delivered in any respect material to the rights or interests of the holders of
the Securities.

         (rr) Recording of Intellectual Property. Except where the failure to do
so would not have a Material Adverse Effect, each of the Company and the
Subsidiary Guarantors has filed with the United States Patent and Trademark
Office for registration or recordation, as applicable, (A) a completed
application for the registration of each trademark and patent owned by it which
is material to the business of the Company or such Subsidiary Guarantor and (B)
an appropriate assignment to the Company or any of the Subsidiary Guarantors of
the interest acquired by it in any trademark and patent.

         4. Further Agreements of the Company and the Subsidiary Guarantors. The
Company and each of the Subsidiary Guarantors jointly and severally covenant and
agree with the Initial Purchaser that:

         (a) Delivery of Copies. The Company will deliver to the Initial
Purchaser as many copies of the Preliminary Offering Memorandum and the Offering
Memorandum (including all amendments and supplements thereto) as the Initial
Purchaser may reasonably request.

         (b) Amendments or Supplements. Before distributing any amendment or
supplement to the Preliminary Offering Memorandum or the Offering Memorandum,
the Company will furnish to the Initial Purchaser a copy of the proposed
amendment or supplement for review and will not distribute any such proposed
amendment or supplement to which the Initial Purchaser reasonably objects by
notice to the Company after a reasonable period to review.

<PAGE>

                                                                              15

         (c) Notice to the Initial Purchaser. The Company will advise the
Initial Purchaser promptly, and, if requested, confirm such advice in writing,
(i) of the issuance by any governmental or regulatory authority of any order
preventing or suspending the use of the Preliminary Offering Memorandum or the
Offering Memorandum or the initiation or threatening of any proceeding for that
purpose; (ii) of the occurrence of any event at any time prior to the completion
of the initial offering of the Securities by the Initial Purchaser as a result
of which the Offering Memorandum as then amended or supplemented would include
any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in the light of the
circumstances existing when the Offering Memorandum is delivered to a purchaser,
not misleading; and (iii) of the receipt by the Company of any notice with
respect to any suspension of the qualification of the Securities for offer and
sale in any jurisdiction or the initiation or threatening of any proceeding for
such purpose; and the Company will use its reasonable best efforts to prevent
the issuance of any such order preventing or suspending the use of the
Preliminary Offering Memorandum or the Offering Memorandum or suspending any
such qualification of the Securities and, if issued, to obtain as soon as
possible the withdrawal thereof.

         (d) Ongoing Compliance of the Offering Memorandum. If at any time prior
to the completion of the initial offering of the Securities by the Initial
Purchaser (i) any event shall occur or condition shall exist as a result of
which it is necessary to amend or supplement the Offering Memorandum in order to
make the statements therein, in the light of the circumstances when the Offering
Memorandum is delivered to a purchaser, not misleading or (ii) it is necessary
to amend or supplement the Offering Memorandum to comply with law, the Company
will immediately notify the Initial Purchaser thereof and forthwith prepare and,
subject to paragraph (b) above, furnish to the Initial Purchaser such amendments
or supplements to the Offering Memorandum as may be necessary so that the
statements in the Offering Memorandum as so amended or supplemented will not, in
the light of the circumstances existing when the Offering Memorandum is
delivered to a purchaser, be misleading or so that the Offering Memorandum will
comply with law.

         (e) Blue Sky Compliance. The Company will cooperate with the Initial
Purchaser to qualify the Securities for offer and sale under the securities or
Blue Sky laws of such jurisdictions as the Initial Purchaser shall reasonably
request and will continue such qualifications in effect so long as may be
reasonably required for the offering and resale of the Securities; provided that
neither the Company nor any of its Subsidiaries shall be required to qualify as
a foreign corporation or to file a general consent to service of process in any
jurisdiction or subject themselves to taxation in respect of doing business in
any jurisdiction.

         (i) Clear Market. During the period from the date hereof through and
including the date that is 90 days after the Closing Date, the Company and each
of the Subsidiary Guarantors will not, without the prior written consent of the
Initial Purchaser, offer, sell, contract to sell or otherwise dispose of any
debt securities similar to the Securities issued or guaranteed by the Company or
any of the Subsidiary Guarantors.

         (g) Use of Proceeds. The Company will apply the net proceeds from the
sale of the Securities as described in the Offering Memorandum.

<PAGE>

                                                                              16

         (h) Supplying Information. For so long as the Securities remain
outstanding and are "restricted securities" within the meaning of Rule 144(a)(3)
under the Securities Act, the Company will furnish to holders of the Securities
and prospective purchasers of the Securities designated by such holders, upon
the request of such holders or such prospective purchasers, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act,
unless the Company is then subject to and in compliance with Section 13 or 15(d)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

         (i) PORTAL and DTC. The Company will assist the Initial Purchaser in
arranging for the Securities to be designated Private Offerings, Resales and
Trading through Automated Linkages ("PORTAL") Market securities in accordance
with the rules and regulations adopted by the National Association of Securities
Dealers, Inc. ("NASD") relating to trading in the PORTAL Market and for the
Securities to be eligible for clearance and settlement through The Depository
Trust Company ("DTC").

         (j) No Resales by the Company. Until the issuance of the Exchange
Securities or the effectiveness of the Shelf Registration Statement (as defined
in the Registration Rights Agreement), as the case may be, the Company will not,
and will not permit any of its affiliates (as defined in Rule 144 under the
Securities Act) to, resell any of the Securities that have been acquired by any
of them, except for Securities purchased by the Company or any of its affiliates
and resold in a transaction registered under the Securities Act.

         (k) No Integration. Neither the Company nor any of its affiliates will,
directly or through any agent, sell, offer for sale, solicit offers to buy or
otherwise negotiate in respect of, any security (as defined in the Securities
Act), that is or will be integrated with the sale of the Securities in a manner
that would require registration of the Securities under the Securities Act.

         (1) No General Solicitation or Directed Selling Efforts. None of the
Company or any of its affiliates or any other person acting on its or their
behalf will (i) solicit offers for, or offer or sell, the Securities by means of
any form of general solicitation or general advertising within the meaning of
Rule 502(c) of Regulation D or in any manner involving a public offering within
the meaning of Section 4(2) of the Securities Act or (ii) engage in any directed
selling efforts within the meaning of Regulation S, and all such persons will
comply with the offering restrictions requirement of Regulation S.

         (m) No Stabilization. In connection with the offering of the
Securities, until the Initial Purchaser has notified the Company of completion
of the resale of the Securities, neither the Company nor any of the Subsidiary
Guarantors will take, directly or indirectly, any action designed to or that
could reasonably be expected to cause or result in any stabilization or
manipulation of the price of the Securities.

         5. Conditions of Initial Purchaser's Obligations. The obligation of the
Initial Purchaser to purchase Securities on the Closing Date as provided herein
is subject to the performance by the Company and each of the Subsidiary
Guarantors of their respective obligations hereunder and to the following
additional conditions:

<PAGE>

                                                                              17

         (a) Representations and Warranties. The representations and warranties
of the Company and the Subsidiary Guarantors contained herein shall be true and
correct on the date hereof and on and as of the Closing Date; the statements of
the Company, the Subsidiary Guarantors and their respective officers made in any
certificates delivered pursuant to this Agreement shall be true and correct on
and as of the Closing Date; and the Company and the Subsidiary Guarantors shall
have complied with all agreements and all conditions to be performed or
satisfied on their part hereunder at or prior to the Closing Date.

         (b) No Downgrading. Subsequent to the execution and delivery of this
Agreement, (i) no downgrading shall have occurred in the rating accorded the
Securities or any other debt securities or preferred stock issued or guaranteed
by the Company or any of the Subsidiary Guarantors by any "nationally recognized
statistical rating organization", as such term is defined by the Commission for
purposes of Rule 436(g)(2) under the Securities Act; and (ii) no such
organization shall have publicly announced that it has under surveillance or
review (other than an announcement with positive implications of a possible
upgrading) its rating of the Securities or of any other debt securities or
preferred stock issued or guaranteed by the Company.

         (c) No Material Adverse Change. Subsequent to the execution and
delivery of this Agreement, no event or condition of a type described in Section
3(c) hereof shall have occurred or shall exist, which event or condition is not
described in the Offering Memorandum and the effect of which in the reasonable
judgment of the Initial Purchaser is so material and adverse as to make it
impracticable or inadvisable to proceed with the offering, resale and delivery
of the Securities on the Closing Date on the terms and in the manner
contemplated by this Agreement and the Offering Memorandum.

         (d) Officer's Certificate. The Initial Purchaser shall have received on
and as of the Closing Date a certificate of an executive officer of the Company
and of each Subsidiary Guarantor who has specific knowledge of the Company's or
such Subsidiary Guarantor's financial matters and is reasonably satisfactory to
the Initial Purchaser to the effect set forth in paragraphs (a) through (c)
above.

         (e) Comfort Letters. On the date of this Agreement and on the Closing
Date, KPMG LLP shall have furnished to the Initial Purchaser, at the request of
the Company, letters, dated the respective dates of delivery thereof and
addressed to the Initial Purchaser, in form and substance reasonably
satisfactory to the Initial Purchaser, containing statements and information of
the type customarily included in accountants' "comfort letters" to underwriters
with respect to the financial statements and certain financial information
contained in the Preliminary Offering Memorandum and the Offering Memorandum.

         (i) Opinion of Counsel for the Company, (i) Faegre & Benson LLP,
counsel for the Company, and John Rebane, Esq., General Counsel of the Company,
shall have furnished to the Initial Purchaser, at the request of the Company,
their written opinion, dated the Closing Date and addressed to the Initial
Purchaser, in the form attached hereto as Exhibit B-1 and B-2, respectively, and
(ii) each of the following legal counsel shall have furnished to the Initial
Purchaser its respective written opinion, as special counsel to the Company,
addressed to the Initial Purchaser and dated the Closing Date, in the form
attached hereto as Exhibit C: (A) Allen, Matkins, Leck, Gamble & Mallory,
special California counsel; (B) Fowler, White, Gillen,

<PAGE>

                                                                              18

Boggs, Villareal and Banker, special Florida counsel; (C) Hawley, Troxell, Ennis
& Hawley, special Idaho counsel; (D) Ice Miller, special Indiana counsel; (E)
Faegre & Benson LLP, special Iowa and Minnesota counsel; (F) Phelps Dunbar LLP,
special Louisiana counsel; (G) Ballard Spahr Andrews & Ingersoll, LLP, special
Maryland counsel; (H) Armstrong Teasdale LLP, special Missouri counsel; (I)
Robinson Bradshaw & Hinson, special North Carolina counsel; (J) Thompson Hine
LLP, special Ohio counsel; (K) Dunn, Carney, Allen, Higgins & Tongue, special
Oregon counsel; (L) Montgomery, McCracken, Walker & Rhoads LLP, special
Pennsylvania counsel; (M) Baker Botts LLP, special Texas counsel; (N) Quarles &
Brady LLP, special Wisconsin counsel.

         (g) Opinion of Counsel for the Initial Purchaser. The Initial Purchaser
shall have received on and as of the Closing Date an opinion of Cravath, Swaine
& Moore LLP, counsel for the Initial Purchaser, with respect to such matters as
the Initial Purchaser may reasonably request, and such counsel shall have
received such documents and information as they may reasonably request to enable
them to pass upon such matters.

         (h) No Legal Impediment to Issuance. No action shall have been taken
and no statute, rule, regulation or order shall have been enacted, adopted or
issued by any governmental or regulatory authority that would, as of the Closing
Date, prevent the issuance or sale of the Securities; and no injunction or order
of any federal, state or foreign court shall have been issued that would, as of
the Closing Date, prevent the issuance or sale of the Securities.

         (i) Good Standing. The Initial Purchaser shall have received
satisfactory evidence of the good standing of the Company and its Subsidiary
Guarantors in their respective jurisdictions of incorporation and their good
standing as foreign corporations in such other jurisdictions as the Initial
Purchaser may reasonably request, in each case in writing or any standard form
of telecommunication, from the appropriate governmental authorities of such
jurisdictions.

         (j) Registration Rights Agreement. The Initial Purchaser shall have
received a counterpart of the Registration Rights Agreement that shall have been
executed and delivered by a duly authorized officer of the Company and each of
the Subsidiary Guarantors.

         (k) PORTAL and DTC. The Securities shall have been approved by the NASD
for trading in the PORTAL Market and shall be eligible for clearance and
settlement through DTC.

         (l) Additional Documents. On or prior to the Closing Date, the Company
and the Subsidiary Guarantors shall have furnished to the Initial Purchaser such
further certificates and documents as the Initial Purchaser may reasonably
request and are customary.

         (m) The Credit Facility Amendment. The Credit Agreement Amendments
shall be effective on substantially the terms described in the Offering
Memorandum and the Initial Purchaser shall have received true and correct copies
of the fully-executed Credit Agreement Amendments.

         (n) Perfection Certificate. The Initial Purchaser shall have received a
completed Perfection Certificate dated the Closing Date and signed by a
financial officer of the Company, together with all attachments contemplated
thereby.

<PAGE>

                                                                              19

         (o) Personal Property and Intellectual Property. All Uniform Commercial
Code and other personal property security financing statements and recordations
with the United States Patent and Trademark Office and the United States
Copyright Office, as the case may be, required by law or reasonably requested by
the Collateral Agent to be filed or recorded to perfect the liens intended to be
created on substantially all of the Collateral (to the extent such liens may be
perfected by filings under the Uniform Commercial Code or other personal
property security legislation, as the case may be, as in effect in any
applicable jurisdiction or by filings with the United States Patent and
Trademark Office or the United States Copyright Office, as the case may be)
shall have been filed or recorded or delivered to the Collateral Agent for
filing or recording.

         (p) Lien Searches. On or prior to the Closing Date, the Initial
Purchaser shall have received the results of lien searches, conducted by a
search service reasonably satisfactory to the Initial Purchaser, and the Initial
Purchaser shall be satisfied that no liens are outstanding on the property or
assets of the Company and the Subsidiary Guarantors, other than any such liens
(i) which constitute Permitted Collateral Liens or (ii) as to which the Initial
Purchaser has received evidence reasonably satisfactory to it of the termination
of such liens.

         (q) Mortgage. The Initial Purchaser shall have received in respect of
the Mortgages delivered pursuant to Section 3(nn), a mortgagee's title policy of
title insurance or marked-up title commitment for such insurance. Such policy or
title commitment shall (i) be in an amount equal to the amount of title
insurance coverage already provided to the lenders under the Credit Agreements
in respect of their security interest in the properties covered by such
Mortgages; (ii) insure that the Mortgages insured thereby create a valid second
lien on the property covered by such Mortgage (subject to Permitted Collateral
Liens), free and clear of all liens, defects and encumbrances other than
Permitted Collateral Liens; (iii) name the Collateral Agent, for the benefit of
the holders of the Securities, as the insured thereunder; (iv) be in the form of
ALTA Loan Policy-1992; and (v) contain such endorsements and effective coverage
as contained in the title insurance policies delivered in connection with the
Credit Agreements.

         (r) Security Documents. On or prior to the Closing Date, a copy of each
of the duly executed Security Documents shall have been delivered to the Initial
Purchaser.

         All opinions, letters, certificates and evidence mentioned above or
elsewhere in this Agreement shall be deemed to be in compliance with the
provisions hereof only if they are in form and substance reasonably satisfactory
to counsel for the Initial Purchaser.

<PAGE>

                                                                              20

         6. Indemnification and Contribution, (a) Indemnification of the Initial
Purchaser. The Company and each of the Subsidiary Guarantors jointly and
severally agree to indemnify and hold harmless the Initial Purchaser, its
respective directors, officers, employees and agents, its affiliates and each
person, if any, who controls the Initial Purchaser within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act, from and against any
and all losses, claims, damages and liabilities (including, without limitation,
legal fees and other expenses incurred in connection with any suit, action or
proceeding or any claim asserted), joint or several, caused by any untrue
statement or alleged untrue statement of a material fact contained in the
Preliminary Offering Memorandum or the Offering Memorandum (or any amendment or
supplement thereto), or caused by any omission or alleged omission to state
therein a material fact or necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading,
except insofar as such losses, claims, damages or liabilities are caused by any
untrue statement or omission or alleged untrue statement or omission made in
reliance upon and in conformity with any information relating to the Initial
Purchaser furnished to the Company in writing by the Initial Purchaser expressly
for use therein; provided, that with respect to any such untrue statement in or
omission from the Preliminary Offering Memorandum, the indemnity agreement
contained in this paragraph (a) shall not inure to the benefit of the Initial
Purchaser to the extent that the sale to the person asserting any such loss,
claim, damage or liability was an initial resale by the Initial Purchaser and
any such loss, claim, damage or liability of or with respect to the Initial
Purchaser results from the fact that both (i) a copy of the Offering Memorandum
was not sent or given to such person at or prior to the written confirmation of
the sale of such Securities to such person and (ii) the untrue statement in or
omission from such Preliminary Offering Memorandum was corrected in the Offering
Memorandum unless, in either case, such failure to deliver the Offering
Memorandum was a result of non-compliance by the Company with the provisions of
Section 4 hereof.

         (b) Indemnification of the Company. The Initial Purchaser agrees to
indemnify and hold harmless the Company, each of the Subsidiary Guarantors their
respective directors, officers, employees and agents, and each person, if any,
who controls the Company or any of the Subsidiary Guarantors within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act to the
same extent as the indemnity set forth in paragraph (a) above, but only with
respect to any losses, claims, damages or liabilities (including, without
limitation, legal fees and other expenses incurred in connection with any suit,
action or proceeding or any claim asserted) caused by any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in
conformity with any information relating to the Initial Purchaser furnished to
the Company in writing by the Initial Purchaser expressly for use in the
Preliminary Offering Memorandum or the Offering Memorandum (or any amendment or
supplement thereto).

         (c) Notice and Procedures. If any suit, action, proceeding (including
any governmental or regulatory investigation), claim or demand shall be brought
or asserted against any person in respect of which indemnification may be sought
pursuant to either paragraph (a) or (b) above, such person (the "Indemnified
Person") shall promptly notify the person against whom such indemnification may
be sought (the "Indemnifying Person") in writing; provided that the failure to
notify the Indemnifying Person shall not relieve it from any liability that it
may have under this Section 6 except to the extent that it has been materially
prejudiced (through the forfeiture of

<PAGE>

                                                                              21

substantive rights or defenses) by such failure; and provided, further, that the
failure to notify the Indemnifying Person shall not relieve it from any
liability that it may have to an Indemnified Person otherwise than under this
Section 6. If any such proceeding shall be brought or asserted against an
Indemnified Person and it shall have notified the Indemnifying Person thereof,
the Indemnifying Person shall be entitled to participate therein and, to the
extent that it wishes, jointly with any other Indemnifying Person similarly
notified, to assume the defense of such proceeding and retain counsel reasonably
satisfactory to the Indemnified Person to represent the Indemnified Person and
any others entitled to indemnification pursuant to this Section 6 that the
Indemnifying Person may designate in such proceeding and shall pay the fees and
expenses of such counsel related to such proceeding. In any such proceeding, any
Indemnified Person shall have the right to retain its own counsel, but the fees
and expenses of such counsel shall be at the expense of such Indemnified Person
unless (i) the Indemnifying Person and the Indemnified Person shall have
mutually agreed in writing to the contrary; (ii) the Indemnifying Person has
failed within a reasonable time to retain counsel reasonably satisfactory to the
Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded
(based upon the advice of counsel to the Indemnified Party) that there may be
legal defenses available to it that are different from or in addition to those
available to the Indemnifying Person; or (iv) the named parties in any such
proceeding (including any impleaded parties) include both the Indemnifying
Person and the Indemnified Person and representation of both parties by the same
counsel would be inappropriate due to actual or potential differing interests
between them (based upon the advice of counsel to the Indemnified Party). It is
understood and agreed that the Indemnifying Person shall not, in connection with
any proceeding or related proceeding in the same jurisdiction, be liable for the
fees and expenses of more than one separate firm (in addition to any local
counsel) for all Indemnified Persons, and that all such fees and expenses shall
be reimbursed as they are incurred. Any such separate firm for the Initial
Purchaser, its directors, officers, employees, agents and affiliates and any
control persons of the Initial Purchaser shall be designated in writing by the
Initial Purchaser and any such separate firm for the Company, the Subsidiary
Guarantors, their respective directors, officers, employees and agents and any
control persons of the Company and the Subsidiary Guarantors shall be designated
in writing by the Company. The Indemnifying Person shall not be liable for any
settlement of any proceeding effected without its written consent, but if
settled with such consent or if there be a final judgment for the plaintiff, the
Indemnifying Person agrees to indemnify each Indemnified Person from and against
any loss or liability by reason of such settlement or judgment. No Indemnifying
Person shall, without the written consent of the Indemnified Person, effect any
settlement of any pending or threatened proceeding in respect of which any
Indemnified Person is a party and indemnification could have been sought
hereunder by such Indemnified Person, unless such settlement includes an
unconditional release of such Indemnified Person from all liability on claims
that are the subject matter of such proceeding.

         (d) Contribution. If the indemnification provided for in paragraphs (a)
and (b) above is unavailable to an Indemnified Person or insufficient in respect
of any losses, claims, damages or liabilities referred to therein, then each
Indemnifying Person under such paragraph, in lieu of indemnifying such
Indemnified Person thereunder, shall contribute to the amount paid or payable by
such Indemnified Person as a result of such losses, claims, damages or
liabilities (i) in such proportion as is appropriate to reflect the relative
benefits received by the Company and the Subsidiary Guarantors on the one hand
and the Initial Purchaser on the other from the offering of the Securities or
(ii) if the allocation provided by clause (i) is not permitted by applicable
law, in

<PAGE>

                                                                              22

such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) but also the relative fault of the Company and the
Subsidiary Guarantors on the one hand and the Initial Purchaser on the other in
connection with the statements or omissions that resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative benefits received by the Company and the Subsidiary
Guarantors on the one hand and the Initial Purchaser on the other shall be
deemed to be in the same respective proportions as the net proceeds (before
deducting expenses) received by the Company and the Subsidiary Guarantors from
the sale of the Securities and the total discounts and commissions received by
the Initial Purchaser in connection therewith, as provided in this Agreement,
bear to the total gross proceeds from the sale of the Securities under this
Agreement. For purposes of this paragraph (d), each director, officer, employee
and agent of the Company and the Subsidiary Guarantors and each person, if any,
who controls the Company or any of the Subsidiary Guarantors within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act shall have
the same rights to contribution as the Company and the Subsidiary Guarantors.
The relative fault of the Company and the Subsidiary Guarantors on the one hand
and the Initial Purchaser on the other shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material
fact or the omission or alleged omission to state a material fact relates to
information supplied by the Company or any Subsidiary Guarantor or by the
Initial Purchaser and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.

         (e) Limitation on Liability. The Company, the Subsidiary Guarantors and
the Initial Purchaser agree that it would not be just and equitable if
contribution pursuant to this Section 6 were determined by pro rata allocation
or by any other method of allocation that does not take account of the equitable
considerations referred to in paragraph (d) above. The amount paid or payable by
an Indemnified Person as a result of the losses, claims, damages and liabilities
referred to in paragraph (d) above shall be deemed to include, subject to the
limitations set forth above, any out-of-pocket legal or other expenses
reasonably incurred by such Indemnified Person in connection with investigating
or defending any such action or claim. Notwithstanding the provisions of this
Section 6, in no event shall the Initial Purchaser be required to contribute any
amount in excess of the amount by which the total discounts and commissions
received by the Initial Purchaser with respect to the offering of the Securities
exceeds the amount of any damages that the Initial Purchaser has otherwise been
required to pay by reason of such untrue or alleged untrue statement or omission
or alleged omission. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11 (f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

         (f) Non-Exclusive Remedies. The remedies provided for in this Section 6
are not exclusive and shall not limit any rights or remedies that may otherwise
be available to any Indemnified Person at law or in equity.

         7. Termination. This Agreement may be terminated in the absolute
discretion of the Initial Purchaser, by notice to the Company, if after the
execution and delivery of this Agreement and prior to the Closing Date (i)
trading generally shall have been suspended or materially limited on or by any
of the New York Stock Exchange, the American Stock Exchange or the
over-the-counter market; (ii) trading of any securities issued or guaranteed by
the Company or any of the Subsidiary Guarantors shall have been suspended on any
exchange or in any over-the-

<PAGE>

                                                                              23

counter market; (iii) a general moratorium on commercial banking activities
shall have been declared by federal or New York State authorities; or (iv) there
shall have occurred any outbreak or escalation of hostilities or any change in
financial markets or any calamity or crisis, either within or outside the United
States, that in the judgment of the Initial Purchaser is material and adverse
and makes it impracticable or inadvisable to proceed with the offer, sale or
delivery of the Securities on the terms and in the manner contemplated by this
Agreement and the Offering Memorandum.

         8. [Intentionally Omitted.]

         9. Payment of Expenses, (a) Whether or not the transactions
contemplated by this Agreement are consummated or this Agreement is terminated,
the Company and each of the Subsidiary Guarantors jointly and severally agree to
pay or cause to be paid all costs and expenses incident to the performance of
their respective obligations hereunder, including without limitation, (i) the
costs incident to the authorization, issuance, sale, preparation and delivery of
the Securities and any taxes payable in that connection; (ii) the costs incident
to the preparation and printing of the Preliminary Offering Memorandum and the
Offering Memorandum (including any amendment or supplement thereto) and the
distribution thereof to the Initial Purchaser; (iii) the costs of reproducing
and distributing each of the Transaction Documents; (iv) the fees and expenses
of the Company's and the Subsidiary Guarantors' counsel and independent
accountants; (v) the fees and expenses incurred in connection with the
registration or qualification and determination of eligibility for investment of
the Securities under the laws of such jurisdictions as the Initial Purchaser may
designate and the preparation, printing and distribution of a Blue Sky
Memorandum (including the related fees and expenses of counsel for the Initial
Purchaser); (vi) any fees charged by rating agencies for rating the Securities;
(vii) the fees and expenses of the Trustee and any paying agent (including
related fees and expenses of any counsel to such parties); (viii) all expenses
and application fees incurred in connection with the application for the
inclusion of the Securities on the PORTAL Market and the approval of the
Securities for book-entry transfer by DTC; (ix) the costs incident to perfecting
the security interests in the Collateral required pursuant to the Indenture and
the Security Documents (including, without limitation, the fees and expenses of
local counsel and any search, filing or registration fees) and (x) all expenses
incurred by the Company in connection with any "road show" presentation to
potential investors.

         (b) If (i) this Agreement is terminated pursuant to Section 7, (ii) the
Company for any reason fails to tender the Securities for delivery to the
Initial Purchaser or (iii) the Initial Purchaser declines to purchase the
Securities for any reason permitted under this Agreement, the Company and each
of the Subsidiary Guarantors jointly and severally agrees to reimburse the
Initial Purchaser for all out-of-pocket costs and expenses (including the
reasonable fees and expenses its counsel) reasonably incurred by the Initial
Purchaser in connection with this Agreement and the offering contemplated
hereby.

         10. Persons Entitled to Benefit of Agreement. This Agreement shall
inure to the benefit of and be binding upon the Company, the Subsidiary
Guarantors and any controlling persons referred to herein, the Initial
Purchaser, its respective affiliates and any controlling persons referred to
herein, and their respective successors. Nothing in this Agreement is intended
or shall be construed to give any other person any legal or equitable right,
remedy or claim under or in

<PAGE>

                                                                              24

respect of this Agreement or any provision contained herein. No purchaser of
Securities from the Initial Purchaser shall be deemed to be a successor merely
by reason of such purchase.

         11. Survival. The respective indemnities, rights of contribution,
representations, warranties and agreements of the Company, the Subsidiary
Guarantors and the Initial Purchaser contained in this Agreement or made by or
on behalf of the Company, the Subsidiary Guarantors or the Initial Purchaser
pursuant to this Agreement or any certificate delivered pursuant hereto shall
survive the delivery of and payment for the Securities and shall remain in full
force and effect, regardless of any termination of this Agreement or any
investigation made by or on behalf of the Company, the Subsidiary Guarantors or
the Initial Purchaser.

         12. Initial Purchaser's Information. The Company, the Subsidiary
Guarantors and the Initial Purchaser acknowledge and agree that the only
information relating to the Initial Purchaser that has been furnished to the
Company in writing by the Initial Purchaser expressly for use in the Preliminary
Offering Memorandum and the Offering Memorandum (or any amendment or supplement
thereto) consists of the following: (i) the last paragraph on the front cover
page concerning the terms of the offering by the Initial Purchaser, and (ii) the
statements concerning the Initial Purchaser contained in the third paragraph,
the fifth and sixth sentences of the eighth paragraph and the tenth paragraph
under the heading "Plan of distribution".

         13. [Intentionally Omitted.]

         14. Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given if mailed or transmitted and
confirmed by any standard form of telecommunication. Notices to the Initial
Purchaser shall be given to J.P. Morgan Securities Inc., 270 Park Avenue, New
York, New York 10017 (fax: (212) 270-0994; Attention: Pierre Maman. Notices to
the Company and the Subsidiary Guarantors shall be given to them at Land
O'Lakes, Inc., 4001 Lexington Avenue, Arden Hills, Minnesota 55440, (fax: (651)
481- 2509); Attention: Dan Knudson (with a copy to John Rebane (fax: (651)
481-2832).

         (a) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York.

         (b) Counterparts. This Agreement may be signed in counterparts (which
may include counterparts delivered by any standard form of telecommunication),
each of which shall be an original and all of which together shall constitute
one and the same instrument.

         (c) Amendments or Waivers. No amendment or waiver of any provision of
this Agreement, nor any consent or approval to any departure therefrom, shall in
any event be effective unless the same shall be in writing and signed by the
parties hereto.

         (d) Headings. The headings herein are included for convenience of
reference only and are not intended to be part of, or to affect the meaning or
interpretation of, this Agreement.

<PAGE>

                                                                              25

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         LAND O'LAKES, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              26

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         ACS STORES, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              27

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         ADVANCED BUSINESS CONCEPTS
                                         INTERNATIONAL, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              28

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         AG2AG, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              29

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         AGRICULTURAL INDEMNITY
                                         INSURANCE COMPANY,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              30

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         ALLIANCE MILK PRODUCTS, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              31

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         AMERICA'S COUNTRY STORES
                                         HOLDINGS, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              32

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         AMERICA'S COUNTRY STORES, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              33

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         DIAMOND CROSS, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              34

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         FMR, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              35

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         FORAGE GENETICS, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              36

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         GOLDEN STATE FEEDS, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              37

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         GOLDEN VALLEY DAIRY PRODUCTS,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              38

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         L.L. OLDS SEED COMPANY,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              39

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         LAND O'LAKES FARMLAND FEED
                                         LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              40

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         LAND O'LAKES HOLDINGS, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              41

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         LAND O'LAKES INTERNATIONAL
                                         DEVELOPMENT CORPORATION,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              42

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         LOL HOLDINGS II, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              43

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         LOL POWER, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              44

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         MILK PRODUCTS, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              45

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         NORTH COAST FERTILIZER II, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              46

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         NORTHWEST FOOD PRODUCTS
                                         COMPANY, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              47

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         NORTHWEST FOOD PRODUCTS
                                         TRANSPORTATION, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              48

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         NUTRA-BLEND, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              49

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         PMI NUTRITION, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>
                                                                              50

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         PMI AGRICULTURE, L.L.C.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              51

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         PMI NUTRITION INTERNATIONAL,
                                         LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              52

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         PURINA MILLS, LLC, by

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              53

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         QC, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              54

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                          QC HOLDINGS INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              55

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         QC INDUSTRIES, INC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              56

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         REALTY LOL, INC.,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              57

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         RESEARCH SEEDS, INC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              58

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         SEEDS, RESEARCH  INC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              59

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

                                         Very truly yours,

                                         THOMAS PRODUCTS, LLC,

                                             by
                                                 _______________________________
                                                 Name:
                                                 Title:

<PAGE>

                                                                              60

If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

Accepted: December 12, 2003

J.P. MORGAN SECURITIES INC.

    by

     ______________________________
          Authorized Sinnatory

<PAGE>

                                                                              61

                                                                      Schedule 1

<TABLE>
<CAPTION>
        Initial Purchaser                               Principal Amount
        -----------------                               ----------------
<S>                                                     <C>
J.P. Morgan Securities Inc.                              $ 175,000,000

                                                         -------------
Total                                                    $ 175,000,000
</TABLE>
<PAGE>

                                                                      Schedule 2

Subsidiary Guarantors

ACS Stores, LLC
Advanced Business Concepts International, LLC
AG2AG, LLC
Agricultural Indemnity Insurance Company
Alliance Milk Products, LLC
America's Country Stores Holdings, LLC
America's Country Stores, LLC
Diamond Cross, LLC
FMR, Inc.
Forage Genetics, Inc.
Golden State Feeds, LLC
Golden Valley Dairy Products
L.L. Olds Seed Company
Land O' Lakes Farmland Feed LLC
Land O'Lakes Holdings, Inc.
Land O'Lakes International Development Corporation
LOL Holdings II, Inc.
LOL Power, LLC
Milk Products, LLC
North Coast Fertilizer II, Inc.
Northwest Food Products Company, Inc.
Northwest Food Products Transportation LLC
Nutra-Blend, LLC
PMI Nutrition, LLC
PMI Agriculture, L.L.C.
PMI Nutrition International, LLC
Purina Mills, LLC
QC, Inc.
QC Holdings Inc.
QC Industries, Inc.
Realty LOL, Inc.
Research Seeds, Inc.
Seed Research, Inc.
Thomas Products, LLC
<PAGE>
                                                                      Schedule 3

<TABLE>
<CAPTION>
         Subsidiary                       Governance Interest               Economic Interest
         ----------                       -------------------               -----------------
<S>                                     <C>                             <C>
ACS STORES, LLC                                  100%PM                         100% PM
ADVANCED BUSINESS CONCEPTS                      100%LOL                         100% LOL
INTERNATIONAL, LLC
ADVANCED FOODS PRODUCTS, LLC                    35% LOL                         35% LOL
AG2AG, LLC                                      100%LOL                         100% LOL
AGLAND-LAND O'LAKES FEED, LLC                  50% LOLFLF                      50% LOLFLF
AGRONOMY COMPANY OF CANADA,                     50% LOL                         50% LOL
LTD.
AGRICULTURAL INDEMNITY INSURANCE                100% LOL                        100% LOL
COMPANY
AGRILIANCE LLC                                  50% LOL                         50% LOL
ALLIANCE MILK PRODUCTS, LLC                90% LOLFLF; 10% PM              90% LOLFLF; 10% PM
AMERICA'S COUNTRY STORES                         100%PM                          100%PM
HOLDINGS, LLC
AMERICA'S COUNTRY STORES, LLC            100% America's Country          100% America's Country
                                          Stores Holdings, LLC            Stores Holdings, LLC
CALVA PRODUCTS CO, INC.                         75% LOL                         75% LOL
CALVATOLIQUID LLC                          50% Calva Products              50% Calva Products
CHEESE & PROTEIN INTERNATIONAL,                95.9% LOL                       95.9% LOL
LLC
COLCHESTER FOODS, INC.                         100% Moark                      100% Moark
COTTONSEED, LLC                                35% LOLFLF                      35% LOLFLF
COUNTRYSIDE FEED, LLC                         4.5% LOLFLF                     4.5% LOLFLF
CUTLER AT ABBEVILLE, L.L.C.                    100% Moark                      100% Moark
CUTLER AT PHILADELPHIA, L.L.C.                 100% Moark                      100% Moark
DAIRY LLC                                      10.5% LOL                       10.5% LOL
DAKOTALANDS FEEDS, LLC                         44% LOLFLF                      44% LOLFLF
DELTA EGG FARM, INC.                      50% Sunbest Foods of            50% Sunbest Foods of
                                               Iowa, Inc.                      Iowa, Inc.
DIAMOND CROSS, LLC                            100% LOLFLF                     100% LOLFLF
EASTERN BLOCK, INC.                              50% PM                          50% PM
EASTGATE FEED & GRAIN, LLC                       50% PM                          50% PM
EGG EXPRESS, INC.                        100% Colchester Foods,          100% Colchester Foods,
                                                  Inc.                             Inc.
ESLABON CATTLE CO. L.P.                          49% PM                          49% PM
ESLABON FEEDERS, L.P                             35% PM                          35% PM
ESLABON MANAGEMENT, L.L.C.                       24% PM                          24% PM
ESSV, L.L.C.                               75.2% PMI Ag, LLC;             75.2% PMI Ag, LLC;
FAR RIVER SWINE, LLC                            50% LOL                         50% LOL
FAST STOP #2 -                                  40% LOL                         40% LOL
FITCHVILLE REALTY, INC.                        100% Moark                      100% Moark
FITCHVILLE REALTY HOLDING, LLC          100% Fitchville Realty,         100% Fitchville Realty,
                                                 Inc.                             Inc.
FMR, INC.                                       100% LOL                        100% LOL
FORAGE GENETICS, INC.                     100% Research Seeds             100% Research Seeds
FORAGE GENETICS ARGENTINA S.R.L.         100 % Forage Genetics            100% Forage Genetics
GK/LOL, LLC                                     50% LOL                         50% LOL
GOLDEN STATE FEEDS, LLC                       100% LOLFLF                     100% LOLFLF
</TABLE>

<PAGE>

                                                                               2

<TABLE>
<CAPTION>
         Subsidiary                         Governance Interest             Economic Interest
         ----------                         -------------------             -----------------
<S>                                        <C>                           <C>
GOLDEN VALLEY DAIRY PRODUCTS                      100% LOL                      100% LOL
GRAND MESA EGGS, INC.                            50% Moark                      50% Moark
HEJLIK PIG CO.,L.C                           66.7% PMI Ag, LLC              66.7% PMI Ag, LLC
HERITAGE TRADING COMPANY, LLC                  56.5% LOLFLF;                  56.5% LOLFLF;
                                              43.5% Agriliance              43.5% Agriliance
HI POINT INDUSTRIES, LLC                    50% Moark; 50% Norco          50% Moark; 50% Norco
                                                   Ranch                          Ranch
KF SERVICIOS DEL MAYO, S.A. DE C.V.              50% LOLFLF                    50% LOLFLF
KOFKOFF EGG FARM HOLDINGS, LLC             100% Kofkoff Egg Farm          100% Kofkoff Egg Farm
                                                    LLC                            LLC
KOFKOFF EGG FARM L.L.C.                     96% Moark; 6% Moark            96% Moark; 6% Moark
                                                 Egg Corp.                      Egg Corp.
KOFKOFF FEED, INC.                               100% Moark                    100% Moark
L & W EGG PRODUCTS, INC.                         100% Moark                    100% Moark
L.L. OLDS SEED COMPANY                      100% Research Seeds            100% Research Seeds
LAND O'LAKES FARMLAND FEED LLC             52.2% LOL Holdings II;        52.2% LOL Holdings II;
                                               39.8% LOL; 8%                  39.8% LOL; 8%
                                                  Farmland                      Farmland
LAND O'LAKES FOREIGN SALES                        100% LOL                      100% LOL
CORPORATION
LAND O'LAKES/GREAT WALL                           50% LOL                        50% LOL
ENTERPRISES, CO., LTD.
LAND O'LAKES HOLDINGS, INC.                       100% LOL                      100% LOL
LAND O'LAKES INTERNATIONAL                        100% LOL                      100% LOL
DEVELOPMENT CORPORATION
LAND O'LAKES MULTITECNOLOGIAS                     100% LOL                      100% LOL
NUTRIONALES DE MEXICO S.A. DE C.V.
LIQUITECH, LTD                                 24.75% LOLFLF                  24.75% LOLFLF
LIQUITECH MANAGEMENT GROUP, INC.                 25% LOLFLF                    25% LOLFLF
LOL FARMLAND FEED SPV, LLC                      100% LOLFLF                    100% LOLFLF
LOLFC. LLC                                  100% LOL Finance Co.          100% LOL Finance Co.
LOL FINANCE CO.                                   100% LOL                      100% LOL
LOL HOLDINGS II, INC.                             100% LOL                      100% LOL
LOL POWER, LLC                                    100% LOL                      100% LOL
MADISON FARMS BUTTER, L.L.C.                      50% LOL                       50% - LOL
MCANALLY ENTERPRISES, INC.                     100% McAnally                 100% McAnnally
                                              Enterprises, LLC              Enterprises, LLC
MCANALLY ENTERPRISES, L.L.C.                     100% Moark                    100% Moark
MELROSE DAIRY PROTEINS, LLC                       50% LOL                         67LOL
MICHIGAN STATE SEED COMPANY                  100% LL Olds Seed              100% LL Olds Seed
MILK PRODUCTS, LLC                              100% LOLFLF                    100% LOLFLF
MOARK, LLC                                        50% LOL                       100% LOL
MO ARK EGG CORPORATION                           100% Moark                    100% Moark
MOARK/FORT RECOVERY EGG                          50% Moark                      50% Moark
MARKETING, LLC
MUNSON LAKES NUTRITION, LLC.                      69% LOL                        69% LOL
NEW FEEDS, LLC                                    51% LOL                        50% LOL
NORCO RANCH, INC.                            1 00% Norco Ranch              100% Norco Ranch
                                            Holding Company, Inc.         Holding Company, Inc.
</TABLE>

<PAGE>
                                                                               3

<TABLE>
<CAPTION>
          Subsidiary                       Governance Interest             Economic Interest
          ----------                       -------------------             -----------------
<S>                                       <C>                            <C>
NORCO RANCH HOLDING COMPANY, INC.               100% Moark                    100% Moark
NORTH COAST FERTILIZER II, INC.                  100% LOL                      100% LOL
NORTHERN COUNTRY FEEDS, LLC                     51%LOLFLF                     50% LOLFLF
NORTHWEST FOOD PRODUCTS COMPANY,                 100% LOL                      100% LOL
INC.
NORTHWEST FOOD PRODUCTS                          100% LOL                      100% LOL
TRANSPORTATION, LLC
NUTRA-BLEND, LLC                               100% LOLFLF                    100% LOLFLF
NUTRIKOWI FARMLAND, S.A. DE C.V.                50% LOLFLF                    50% LOLFLF
PACHECO EGG FARMS, L.L.C.                       100% Moark                    100% Moark
PENNY NEWMAN MILLING LLC                         40% LOL                        50% LOL
PMI NUTRITION, LLC                                100% PM                       100% PM
PMI AGRICULTURE, L.L.C.                      50% PM; 50% PMI                50% PM; 50% PMI
                                                Nutrition                      Nutrition
PMI NUTRITION INTERNATIONAL, LLC                 100% PM                        100% PM
PREMIER FARMS, LLC                              100% Moark                    100% Moark
PRO-PET, LLC                                    33.33% LOL                    33.33% LOL
PURINA MILLS, LLC                              100% LOLFLF                    100% LOLFLF
QC , INC.                                  100% QC Industries,            100% QC Industries,
                                                  Inc.                           Inc.
QC HOLDINGS INC.                           100% QC Industries,            100% QC Industries,
                                                   Inc.                          Inc.
QC INDUSTRIES, INC.                              100% LOL                      100% LOL
REALTY LOL, INC.                                 100% LOL                      100% LOL
RESEARCH SEEDS, INC.                             100% LOL                      100% LOL
SEED RESEARCH, INC.                        100% Research Seeds            100% Research Seeds
SOUTHERN NEW ENGLAND EGG, L.L.C.                100% Moark                    100% Moark
SOUTHWEST LIQUIDS, LLC                          13% LOLFLF                    13% LOLFLF
SOYBEAN RESEARCH FOUNDATION, INC.              91.34% LOL                     91.34% LOL
SOYGENETICS, LLC                                 20% LOL                        20% LOL
SPECIALTY GRAINS, LLC                            50% LOL                        50% LOL
STRAUSS FEEDS, L.L.C.                           50% LOLFLF                    50% LOLFLF
SUNBEST FOODS OF IOWA, INC.                 100% Sunbest Foods,           100% Sunbest Foods,
                                                   LLC                            LLC
SUNBEST FOODS, LLC                              100% Moark                    100% Moark
SWINE MANAGEMENT SERVICES OF               50% PMI Agriculture,          50% PMI Agriculture,
PIPESTONE, L.L.C                                   LLC                            LLC
SYNERGY PORK SYSTEMS, LLC                  50% PMI Agriculture,          50% PMI Agriculture,
                                                   LLC                            LLC
THOMAS PRODUCTS, LLC                           100% LOLFLF                    100% LOLFLF
TRI-STATE AGRI SERVICES LLC                   17.25% LOLFLF                  17.25% LOLFLF
WHIP-O-WILL EGG FARMS, L.L.C.             100% Kofkoff Egg Farm            100% KoflcoffEgg
                                                   LLC                         Farm LLC
YNOT, LLC                                  50% PMI Agriculture,          50% PMI Agriculture,
                                                   LLC                            LLC
</TABLE>

<PAGE>

                                                                         ANNEX A

           Restrictions on Offers and Sales Outside the United States

         In connection with offers and sales of Securities outside the United
States:

         (a) The Initial Purchaser acknowledges that the Securities have not
been registered under the Securities Act and may not be offered or sold within
the United States or to, or for the account or benefit of, U.S. persons except
pursuant to an exemption from, or in transactions not subject to, the
registration requirements of the Securities Act.

         (b) The Initial Purchaser represents, warrants and agrees that:

             (i) The Initial Purchaser has offered and sold the Securities, and
         will offer and sell the Securities, (A) as part of its distribution at
         any time and (B) otherwise until 40 days after the later of the
         commencement of the offering of the Securities and the Closing Date,
         only in accordance with Regulation S under the Securities Act
         ("Regulation S") or Rule 144A or any other available exemption from
         registration under the Securities Act.

             (ii) None of the Initial Purchaser or any of its affiliates or any
         other person acting on its or their behalf has engaged or will engage
         in any directed selling efforts with respect to the Securities, and all
         such persons have complied and will comply with the offering
         restrictions requirement of Regulation S.

             (iii) At or prior to the confirmation of sale of any Securities
         sold in reliance on Regulation S, the Initial Purchaser will have sent
         to each distributor, dealer or other person receiving a selling
         concession, fee or other remuneration that purchase Securities from it
         during the distribution compliance period a confirmation or notice to
         substantially the following effect:

                  "The Securities covered hereby have not been registered under
                  the U.S. Securities Act of 1933, as amended (the "Securities
                  Act"), and may not be offered or sold within the United States
                  or to, or for the account or benefit of, U.S. persons (i) as
                  part of their distribution at any time or (ii) otherwise until
                  40 days after the later of the commencement of the offering of
                  the Securities and the date of original issuance of the
                  Securities, except in accordance with Regulation S or Rule
                  144A or any other available exemption from registration under
                  the Securities Act. Terms used above have the meanings given
                  to them by Regulation S."

             (iv) The Initial Purchaser has not and will not enter into any
         contractual arrangement with any distributor with respect to the
         distribution of the Securities, except with its affiliates or with the
         prior written consent of the Company.

Terms used in paragraph (a) and this paragraph (b) and not otherwise defined in
this Agreement have the meanings given to them by Regulation S.

         (c) The Initial Purchaser, severally and not jointly, represents,
warrants and agrees that:

<PAGE>

                                                                               2

             (i) it has not offered or sold and, prior to the date six months
         after the Closing Date, will not offer or sell any Securities to
         persons in the United Kingdom except to persons whose ordinary
         activities involve them in acquiring, holding, managing or disposing of
         investments (as principal or agent) for the purposes of their
         businesses or otherwise in circumstances which have not resulted and
         will not result in an offer to the public in the United Kingdom within
         the meaning of the United Kingdom Public Offers of Securities
         Regulations 1995 (as amended);

             (ii) it has only communicated or caused to be communicated and will
         only communicate or cause to be communicated any invitation or
         inducement to engage in investment activity (within the meaning of
         Section 21 of the United Kingdom Financial Services and Markets Act
         2000 (the "FSMA")) received by it in connection with the issue or sale
         of any Securities in circumstances in which Section 21(1) of the FSMA
         does not apply to the Company or the Guarantors; and

             (iii) it has complied and will comply with all applicable
         provisions of the FSMA with respect to anything done by it in relation
         to the Securities in, from or otherwise involving the United Kingdom.

         (d) The Initial Purchaser acknowledges that no action has been or will
be taken by the Company that would permit a public offering of the Securities,
or possession or distribution of the Preliminary Offering Memorandum, the
Offering Memorandum or any other offering or publicity material relating to the
Securities, in any country or jurisdiction where action for that purpose is
required.

<PAGE>

                                                                       Exhibit A

                    [Form of Registration Rights Agreement]

<PAGE>

                                                                     Exhibit B-1

                     [Form of Faegre & Benson LLP Opinion]

<PAGE>
                                                                     Exhibit B-2

                        [Form of General Counsel Opinion]

<PAGE>
                                                                       Exhibit C

                         [Form of Local Counsel Opinion]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]