Document:

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                                                                    EXHIBIT 4(e)

[INCLUDE THE FOLLOWING PARAGRAPH IN THE CASE OF BOOK-ENTRY SECURITIES--] THIS
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER
THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
INDIVIDUAL NOTES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY
OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF SUCH SUCCESSOR DEPOSITARY.

[INCLUDE THE FOLLOWING PARAGRAPH IN THE CASE OF BOOK-ENTRY SECURITIES--] UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER (AS DEFINED BELOW) OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

No. _                                              Principal Amount:  $_,000,000
CUSIP No.  _

                              WEYERHAEUSER COMPANY

                                  _% Note due _

        WEYERHAEUSER COMPANY, a Washington corporation (the "Issuer", which term
includes in any successor thereto under the Indenture referred to below), for
value received, hereby promises to pay to _ or registered assigns, at the office
or agency of the Issuer maintained for such purpose in the Borough of Manhattan,
The City of New York, the principal sum of _ Dollars ($_,000,000) on _, 20_, in
such coin or currency of the United States of America as at the time of payment
shall be legal tender for the payment of public and private debts, and to pay
interest, semiannually in arrears on [INTEREST PAYMENT DATE] and [INTEREST
PAYMENT DATE] of each year, commencing [INTEREST PAYMENT DATE], 200_, and at
final maturity on said principal sum at said office or agency, in like coin or
currency, at the rate of _% per annum from the [INTEREST PAYMENT DATE] or
[INTEREST PAYMENT DATE], as the case may be, next preceding the date of this
Note to which interest has been paid or duly provided for, unless the date
hereof is a date to which interest has been paid or duly provided for, in which
case from the date of this Note, or unless no interest has been paid or duly
provided for on these Notes, in

                                      -1-
<PAGE>

which case from [ORIGINAL ISSUE DATE], until payment of said principal sum has
been made or duly provided for; provided that, if this Note is not a Global
Security, payment of interest may be made at the option of the Issuer by check
mailed to the address of the person entitled thereto as such address shall
appear on the Security register; and provided, further, that if this Note is a
Global Security registered in the name of a Depositary or its nominee, payment
of interest shall be made to the Depositary or its nominee, as the case may be,
in accordance with the Depositary's procedures as in effect from time to time.
Notwithstanding the foregoing, if the date hereof is after [REGULAR RECORD DATE]
or [REGULAR RECORD DATE], as the case may be, and before the following [INTEREST
PAYMENT DATE] or [INTEREST PAYMENT DATE], this Note shall bear interest from
such [INTEREST PAYMENT DATE] or [INTEREST PAYMENT DATE]; provided, that if the
Issuer shall default in the payment of interest due on such [INTEREST PAYMENT
DATE] or [INTEREST PAYMENT DATE], then this Note shall bear interest from the
next preceding [INTEREST PAYMENT DATE] or [INTEREST PAYMENT DATE] to which
interest has been paid or duly provided for, or, if no interest has been paid or
duly provided for on these Notes, from [ORIGINAL ISSUE DATE]. The interest so
payable on any [INTEREST PAYMENT DATE] or [INTEREST PAYMENT DATE] will, subject
to certain exceptions provided in the Indenture referred to below, be paid to
the person in whose name this Note is registered at the close of business on the
[REGULAR RECORD DATE] or [REGULAR RECORD DATE], as the case may be, next
preceding such [INTEREST PAYMENT DATE] or [INTEREST PAYMENT DATE]. Interest on
this Note shall be calculated on the basis of a 360-day year consisting of
twelve 30-day months.

        This Note is one of a duly authorized issue of Securities of the Issuer
issued under and pursuant to an Indenture dated as of April 1, 1986 (the
"Original Indenture"), as amended and supplemented by a First Supplemental
Indenture thereto dated as of February 15, 1991 (the "First Supplemental
Indenture") and a Second Supplemental Indenture thereto dated as of February 1,
1993 (the "Second Supplemental Indenture"; the Original Indenture, as amended
and supplemented by the First Supplemental Indenture, the Second Supplemental
Indenture and any other indentures supplemental thereto, is hereinafter called
the "Indenture"), each duly executed and delivered by the Issuer to The Chase
Manhattan Bank (formerly known as Chemical Bank), as trustee (herein called the
"Trustee", which term includes any successor trustee under the Indenture), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a description of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Issuer and the Holders of the
Securities. The Securities may be issued in one or more series, which different
series may be issued in various aggregate principal amounts, may mature at
different times, may bear interest (if any) at different rates, may be subject
to different redemption provisions (if any), may be subject to different
sinking, purchase or analogous funds (if any) and may otherwise vary as in the
Indenture provided. This Note is one of the series of Securities designated on
the face hereof (the "Notes").

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] The Notes may be redeemed, in whole or from time to time in part,
at the option of the Issuer on any date at a redemption price equal to the
greater of:

        (1)  100% of the principal amount of the Notes to be redeemed, and

        (2)  the sum of the present values of the remaining scheduled payments
             of principal and interest on the Notes to be redeemed (exclusive of
             interest accrued to the applicable

                                      -2-
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             Redemption Date) discounted to that Redemption Date on a
             semi-annual basis (assuming a 360-day year consisting of twelve
             30-day months) at the Treasury Rate plus _ basis points,

plus, in the case of both clause (1) and clause (2) above, accrued and unpaid
interest on the principal amount of the Notes being redeemed to such Redemption
Date; provided, however, that payments of interest on the Notes that are due and
payable on or prior to a date fixed for redemption of Notes will be payable to
the Holders of those Notes registered as such at the close of business on the
relevant record dates according to their terms and the terms and provisions of
the Indenture. Any such redemption shall be effected in accordance with the
terms and conditions set forth in the Indenture.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] As used in this Note, the following terms have the meanings set
forth below:

        "Treasury Rate" means, with respect to any Redemption Date for the
Notes,

        (1)  the yield, under the heading that represents the average for the
             immediately preceding week, appearing in the most recently
             published statistical release designated "H.15(519)" or any
             successor publication which is published weekly by the Board of
             Governors of the Federal Reserve System and which establishes
             yields on actively traded United States Treasury securities
             adjusted to constant maturity under the caption "Treasury Constant
             Maturities," for the maturity corresponding to the Comparable
             Treasury Issue (if no maturity is within three months before or
             after the Final Maturity Date for the Notes, yields for the two
             published maturities most closely corresponding to the Comparable
             Treasury Issue shall be determined and the Treasury Rate shall be
             interpolated or extrapolated from such yields on a straight line
             basis, rounding to the nearest month), or

        (2)  if such release (or any successor release) is not published during
             the week preceding the calculation date or does not contain such
             yields, the rate per annum equal to the semi-annual equivalent
             yield to maturity of the Comparable Treasury Issue, calculated
             using a price for the Comparable Treasury Issue (expressed as a
             percentage of its principal amount) equal to the Comparable
             Treasury Price for such Redemption Date.

The Treasury Rate shall be calculated on the third Business Day preceding the
applicable Redemption Date. As used in the immediately preceding sentence and in
the definition of "Reference Treasury Dealer Quotations" below, the term
"Business Day" means each Monday, Tuesday, Wednesday, Thursday and Friday which
is not a day on which banking institutions in The City of New York are
authorized or obligated by law, regulation or executive order to close.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Comparable Treasury Issue" means, with respect to any Redemption
Date for the Notes, the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining
term of the Notes to be redeemed that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new
issues

                                      -3-
<PAGE>

of corporate debt securities of comparable maturity to the remaining term of the
Notes to be redeemed.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Comparable Treasury Price" means, with respect to any Redemption
Date for the Notes, (1) the average of four Reference Treasury Dealer Quotations
for such Redemption Date, after excluding the highest and lowest such Reference
Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Final Maturity Date" means _, 20_.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Independent Investment Banker" means, with respect to any
Redemption Date for the Notes, _ and its successors or _ and its successors,
whichever shall be selected by the Trustee after consultation with the Issuer,
or, if both such firms or the respective successors, if any, to such firms, as
the case may be, are unwilling or unable to select the Comparable Treasury
Issue, an independent investment banking institution of national standing
appointed by the Trustee after consultation with the Issuer.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Redemption Date" means, with respect to any Note or portion
thereof to be redeemed, the date fixed for such redemption pursuant to the
Indenture and the Notes.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Reference Treasury Dealer" means, with respect to any Redemption
Date for the Notes, _ and _ and their respective successors (provided, however,
that if any such firm or any such successor, as the case may be, shall cease to
be a primary U.S. Government securities dealer in New York City (a "Primary
Treasury Dealer"), the Trustee, after consultation with the Issuer, shall
substitute therefor another Primary Treasury Dealer), and two other Primary
Treasury Dealers selected by the Trustee after consultation with the Issuer.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any Redemption Date for the Notes, the average, as
determined by the Trustee, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by that Reference Treasury Dealer at 5:00 p.m.,
New York City time, on the third Business Day preceding that Redemption Date.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] Notice of any redemption will be mailed at least 30 days but not
more than 60 days before the applicable Redemption Date to each Holder of the
Notes to be redeemed at the Holder's registered address. If less than all the
Notes are to be redeemed at the option of the Issuer, the Trustee will select,
in a manner it deems fair and appropriate, the Notes, or portions of the Notes,
to be redeemed.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] Unless the Issuer defaults in payment of the redemption price
(including interest accrued to the

                                      -4-
<PAGE>

applicable Redemption Date), on and after the applicable Redemption Date
interest will cease to accrue on the Notes or portions of the Notes called for
redemption on that Redemption Date.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE SUBJECT TO A MAKE-HOLD
REDEMPTION--] Notwithstanding the provisions of Section 12.2 of the Indenture,
any notice of redemption of the Notes need not set forth the redemption price
but only the manner of calculation thereof. The Issuer will notify the Trustee
of the redemption price promptly after the calculation thereof. The Trustee
shall have no responsibility for such calculation.

        In case an Event of Default (as defined in the Indenture) with respect
to the Notes shall have occurred and be continuing, the principal hereof and
accrued and unpaid interest hereon may be declared, and upon such declaration
shall become, due and payable, in the manner, with the effect and subject to the
conditions provided in the Indenture.

        The Indenture contains provisions permitting the Issuer and the Trustee,
with the consent of the Holders of not less than a majority in aggregate
principal amount of the Securities at the time Outstanding of all series to be
affected (voting as one class), evidenced as in the Indenture provided, to
execute supplemental indentures adding any provisions to or changing in any
manner or eliminating any of the provisions of the Indenture or of any
supplemental indenture or modifying in any manner the rights of the Holders of
the Securities of each such series; provided, that no such supplemental
indenture shall, among other things, (i) extend the final maturity of any
Security, or reduce the principal amount thereof or reduce the rate or extend
the time of payment of any interest thereon, or reduce any amount payable on the
redemption thereof, or make the principal thereof or the interest thereon
payable in any coin or currency other than that provided in the Securities or in
accordance with the terms thereof, or impair or affect the rights of any Holder
to institute suit for the payment thereof, without the consent of the Holder of
each Security so affected, or (ii) reduce the aforesaid percentage of Securities
the Holders of which are required to consent to any such supplemental indenture
without the consent of the Holder of each Security so affected. It is also
provided in the Indenture that, with respect to certain defaults or Events of
Default, prior to any declaration accelerating the maturity of the Securities of
any series, the Holders of a majority in aggregate principal amount of the
Outstanding Securities of such series (or, in the case of certain defaults or
Events of Default, all or certain series of the Securities) may on behalf of the
Holders of all the Securities of such series (or all or certain series of the
Securities, as the case may be) waive any such past default or Event of Default
and its consequences. The preceding sentence shall not, however, apply to a
default or Event of Default in respect of the payment of the principal of or
premium, if any, or interest on any of the Securities or a default or Event of
Default in respect of a covenant or provision of the Indenture which cannot be
modified or amended without the consent of the Holder of each Security affected.
Any such consent or waiver by the Holder of this Note (unless revoked as
provided in the Indenture) shall be conclusive and binding upon such Holder and
upon all future Holders and owners of this Note and any Notes which may be
issued in exchange or substitution herefor or on registration of transfer
hereof, irrespective of whether or not any notation thereof is made upon this
Note or such other Notes.

        No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the

                                      -5-
<PAGE>

principal of and premium, if any, and interest on this Note in the manner, at
the respective times, at the rate and in the coin or currency herein prescribed.

        The Notes are issuable in registered form without coupons in
denominations of $1,000 and any integral multiple of $1,000. Notes may be
exchanged for a like aggregate principal amount of Notes of other authorized
denominations upon surrender of the Notes to be exchanged at the agency of the
Issuer maintained for that purpose in the Borough of Manhattan, The City of New
York in the manner and subject to the limitations provided in the Indenture,
without charge except for any tax or other governmental charge that may be
imposed in connection therewith.

        [INCLUDE THE FOLLOWING IF THE NOTES ARE NOT SUBJECT TO A SINKING FUND--]
The Notes are not subject to any sinking fund.

        Upon due presentment for registration of transfer of this Note at the
agency of the Issuer maintained for that purpose in the Borough of Manhattan,
The City of New York, a new Note or Notes of authorized denominations for an
equal aggregate principal amount will be issued to the transferee in exchange
therefor, subject to the limitations provided in the Indenture, without charge
except for any tax or other governmental charge that may be imposed in
connection therewith.

        The Issuer, the Trustee and any authorized agent of the Issuer or the
Trustee may deem and treat the registered Holder hereof as the absolute owner of
this Note (whether or not this Note shall be overdue and notwithstanding any
notation of ownership or other writing hereon), for the purpose of receiving
payment of, or on account of, the principal hereof and premium, if any, and,
subject to the provisions of the first paragraph hereof, interest hereon and for
all other purposes, and neither the Issuer nor the Trustee nor any authorized
agent of the Issuer or the Trustee shall be affected by any notice to the
contrary.

        No recourse under or upon any obligation, covenant or agreement of the
Issuer in the Indenture or in any Security, or because of any indebtedness
represented thereby, shall be had against any incorporator, stockholder, officer
or director, as such, of the Issuer or of any successor entity, either directly
or through the Issuer or any successor entity, under any rule of law, statute or
constitutional provision or by the enforcement of any assessment or by any legal
or equitable proceeding or otherwise, all such liability being expressly waived
and released by the acceptance hereof and as part of the consideration for the
issue hereof.

        This Note shall be governed by and construed in accordance with the laws
of the State of New York, except as may otherwise be required by mandatory
provisions of law.

        Terms used in this Note which are defined in the Indenture shall have
the respective meanings assigned thereto in the Indenture.

        The Indenture contains provisions whereby the Issuer may be discharged
from its obligations with respect to the Notes, subject to exceptions, if the
Issuer deposits with the Trustee cash or U.S. Government Obligations in the
amount and in the manner, and satisfies certain other conditions, as in the
Indenture provided.

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<PAGE>

        This Note shall not be valid or obligatory for any purpose until the
certificate of authentication hereon shall have been signed by or on behalf of
the Trustee under the Indenture by manual signature of an authorized officer of
the Trustee.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -7-
<PAGE>

        IN WITNESS WHEREOF, Weyerhaeuser Company has caused this instrument to
be signed and its corporate seal attested by the manual or facsimile signatures
of its duly authorized officers and has caused its corporate seal (or a
facsimile thereof) to be affixed hereunto or imprinted hereon.

Dated:

                                            WEYERHAEUSER COMPANY
[SEAL]

                                            By: ________________________________
                                                Name:
                                                Title:

Attest: ________________________________
        Name:
        Title:

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

        This is one of the Securities of the series designated herein and
referred to in the within-mentioned Indenture.

                                            THE CHASE MANHATTAN BANK,
                                               as Trustee

                                            By _________________________________
                                                      Authorized Officer

                                      -8-
<PAGE>

                                  ABBREVIATIONS

        The following abbreviations, when used in the inscription on the face of
this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM--as tenants in common  UNIF GIFT MIN ACT-- _________ Custodian _________
TEN ENT--as tenants by the entireties               (Cust)              (Minor)
JT TEN--as joint tenants with right of survivorship    Under Uniform Gifts to
and not as tenants in common                           Minors Act ______________
                                                                     (State)

     Additional abbreviations may also be used though not in the above list.

                     --------------------------------------

FOR VALUE RECEIVED, the undersigned registered holder hereby sell(s), assign(s)
and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

-------------------------------------

-------------------------------------

________________________________________________________________________________
             PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE

________________________________________________________________________________
the within security and all rights thereunder, hereby irrevocably constituting
and appointing

_______________________________________________________________________ Attorney
to transfer said security on the books of the Issuer with full power of
substitution in the premises.

Dated: ___________________________________     Signed: _________________________

Notice: The signature to this assignment must correspond with the name as it
appears upon the face of the within security in every particular, without
alteration or enlargement or any change whatever.

                                      -9-Prepared by MERRILL CORPORATION

Exhibit 4.3

 

WAIVER AND SECOND AMENDMENT

TO NOTE PURCHASE AGREEMENT AND

NOTES

 

                THIS

WAIVER AND SECOND AMENDMENT TO NOTE PURCHASE AGREEMENT AND NOTES (this “Waiver

and Amendment”) is made as of the 1st day of June, 2001 by and among

DAKOTA GROWERS PASTA COMPANY (the “Company”) and MASSACHUSETTS MUTUAL LIFE

INSURANCE COMPANY, BAYSTATE HEALTH SYSTEMS, INC., C.M. LIFE INSURANCE COMPANY,

THE SECURITY MUTUAL LIFE INSURANCE COMPANY OF LINCOLN, NEBRASKA, and THE CANADA

LIFE ASSURANCE COMPANY (collectively, the “Holders”).

 

R E C I T A L S

 

WHEREAS, the Company and

the Holders entered into that certain Note Purchase Agreement, dated as of July

15, 1998, as amended by Waiver and First Amendment, dated as of November 28,

2000 (as amended, the “Agreement”) with respect to $18,000,000 7.04% Senior

Secured Guaranteed Notes, Series A, due August 1, 2008 (the “Series A Notes”)

and with respect to $9,000,000 7.14% Senior Secured Guaranteed Notes, Series B,

due August 1, 2010 (the “Series B Notes” and together with the Series A Notes,

the “Notes”);

 

WHEREAS, an Event of

Default exists, under Section 10.4(b) of the Agreement; and

 

WHEREAS, the Company and

the Holders are desirous of waiving the existing Events of Default and amending

the Agreement and the Notes on the terms and conditions set forth below.

 

NOW THEREFORE, in

consideration of the mutual covenants and agreements set forth in the Agreement

and herein, and other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the Company and the Holders agree

as follows:

 

1.        Section 10.4 (b) of the Agreement is

hereby deleted in its entirety and replaced with the following:

 

(b)                The

Company will not at any time permit the ratio of (1) Consolidated Funded Debt

to (2) Consolidated Cash Flow to exceed (A) 4.00 to 1.00 for the period from

the Closing to and including July 31, 1999, (B) 3.50 to 1.00 for the period

from August 1, 1999 to and including January 31, 2000 (C) 3.25 to 1.00 for the

period from February 1, 2000 to and including July 31, 2000 (D) 3.50 to 1.00

for the period from August 1, 2000 to and including October 31, 2000, (E) 4.20

to 1.00 for the period from November 1, 2000 to and including January 31, 2001,

(F) 5.00 to 1.00 for the period from February 1, 2001 to and including April

30, 2001, (G) 4.25 to 1.00 for the period from May 1, 2001 to and including

July 31, 2001, (H) 3.75 to 1.00 for the period from August 1, 2001 to and

including October 31, 2001, (I) 3.25 to 1.00 for the period from November 1,

2001 to and including January 31, 2002, and (J) 3.00 to 1.00 at all times

thereafter, in each case determined as of the end of each fiscal quarter for

the immediately preceding four fiscal quarters (ending on the date of

calculation) treating such period of four fiscal quarters as a single

accounting period.

 

2.     The Events of Default currently existing

under Section 10.4 (b) of the Agreement are hereby waived.

3.     Section 11(g) of the Agreement is hereby

deleted in its entirety and replaced with the following:

 

                (g)                (i) the Company or any

Subsidiary is in default (as principal or as guarantor or other surety) in the

payment of any principal of or premium or make-whole amount or interest on any

Debt that is outstanding in an aggregate principal amount of at least

$1,000,000 beyond any period of grace provided with respect thereto, or (ii)

the Company or any Subsidiary is in default in the performance of or compliance

with any term of any evidence of any Debt in an aggregate outstanding principal

amount of at least $1,000,000 or of any mortgage, indenture or other agreement

relating thereto, or (iii) as a consequence of the occurrence or continuation

of any event or condition (other than the passage of time or the right of the

holder of Debt to convert such Debt into equity interests), (x) the Company or

any Subsidiary has become obligated to purchase or repay Debt before its

regular maturity or before its regularly scheduled dates of payment in an

aggregate outstanding principal amount of at least $1,000,000, or (y) one or

more Persons have the right to require the Company or any Subsidiary so to

purchase or repay such Debt; or

 

4.     The Series A Notes are hereby amended such

that the rate of interest on the unpaid balance thereof shall be 8.04% at any

time that either (a) the ratio of the Company’s Consolidated Funded Debt to

Consolidated Cash Flow is greater than 3.00 to 1.00, determined as of the end

of each fiscal quarter for the immediately preceding four fiscal quarters

(ending on the date of calculation) treating such period of four fiscal

quarters as a single accounting period or (b) the Securities Valuation Office

of the National Association of Insurance Commissioners has not assigned a

designation category of “1” or “2” to the Series A Notes, provided that the

Purchasers shall request a review of the Series A Notes by the Securities

Valuation Office of the National Association of Insurance Commissioners at

least annually beginning with the calendar year 2002.  The parties hereto hereby agree that the interest rate of 8.04%

became effective as of August 1, 2001 pursuant to this paragraph.

 

5.     The Series B Notes are hereby amended such

that the rate of interest on the unpaid balance thereof shall be 8.14% at any

time that either (a) the ratio of the Company’s Consolidated Funded Debt to

Consolidated Cash Flow is greater than 3.00 to 1.00, determined as of the end

of each fiscal quarter for the immediately preceding four fiscal quarters

(ending on the date of calculation) treating such period of four fiscal

quarters as a single accounting period or (b) the Securities Valuation Office

of the National Association of Insurance Commissioners has not assigned a

designation category of “1” or “2” to the Series B Notes, provided that the

Purchasers shall request a review of the Series A Notes by the Securities

Valuation Office of the National Association of Insurance Commissioners at

least annually beginning with the calendar year 2002.  The parties hereto hereby agree that the interest rate of 8.14%

became effective as of August 1, 2001 pursuant to this paragraph.

 

6.     The effectiveness of this Waiver and

Amendment is expressly subject to the following conditions:

 

(a)        The Company shall have executed and

delivered this Waiver and Amendment to the Holders;

 

(b)        All proceedings taken in connection with

the transactions contemplated by this Waiver and Amendment and all documents,

instruments and other legal matters incident thereto shall be satisfactory to

the Holders;

 

(c)        No Default or Event of Default other

than the Events of Default waived hereby shall have occurred and be continuing;

 

(d)        The representations and warranties set

forth in Section 8 below shall be true and correct as of the date hereof; and

 

(e)           The CoBank senior debt documents

shall have been amended in a manner satisfactory to the Holders.

7.     The initially capitalized terms used herein

shall have the respective meanings specified in the Agreement unless otherwise

defined herein or if the context shall otherwise require.

 

8.     To induce

the Holders to enter into this Waiver and Second Amendment, the Company

represents and warrants to the Holders that the execution, delivery, and

performance of this Waiver and Second Amendment has been duly authorized by all

requisite corporate action on the part of the Company and that this Waiver and

Second Amendment has been duly executed and delivered by the Company.

 

9.     Except as expressly waived or amended

hereby, the terms and conditions of the Agreement are hereby ratified,

confirmed and approved in all respects.

 

10.   This waiver and Amendment may be executed in

one or more counterparts and shall be effective when at least one counterpart

shall have been executed by each party hereto, and each set of counterparts

that, collectively, show execution by each party hereto shall constitute one

duplicate original.

 

                IN

WITNESS WHEREOF, the parties hereto have duly executed this Waiver and

Amendment as of the date first set forth above.

 

	

  DAKOTA GROWERS PASTA COMPANY

  	

   

  	

  BAYSTATE HEALTH

  SYSTEM, INC

  
	

   

  	

   

  	

   

  	

  By:

  	

  David L. Babson &

  Company Inc.,

  
	

   

  	

   

  	

   

  	

   

  	

  as Investment Adviser

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ Thomas Friezen

  	

   

  	

  By:

  	

   

  	

  /s/ Mark A. Ahmed

  
	

  Name:

  	

   

  	

  Thomas Friezen

  	

   

  	

  Name:

  	

   

  	

  Mark

  A. Ahmed

  
	

  Title:

  	

   

  	

  CFO

  	

   

  	

  Title:

  	

   

  	

  Managing Director

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  MASSACHUSETTS MUTUAL

  LIFE

  INSURANCE COMPANY

  	

   

  	

  C.M. LIFE INSURANCE COMPANY

  
	

  By:

  	

  David L. Babson & Company

  Inc.,

  	

   

  	

  By:

  	

  David L. Babson &

  Company Inc.,

  
	

   

  	

  as Investment Adviser

  	

   

  	

   

  	

  as Investment

  Sub-Adviser

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ Mark A. Ahmed

  	

   

  	

  By:

  	

   

  	

  /s/ Mark A. Ahmed

  
	

  Name:

  	

   

  	

  Mark

  A. Ahmed

  	

   

  	

  Name:

  	

   

  	

  Mark

  A. Ahmed

  
	

  Title:

  	

   

  	

  Managing Director

  	

   

  	

  Title:

  	

   

  	

  Managing Director

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  THE

  SECURITY MUTUAL LIFE

  INSURANCE COMPANY OF

  LINCOLN, NEBRASKA

  	

   

  	

  THE CANADA LIFE

  INSURANCE

  
	

   

  	

  COMPANY

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ Kevin W. Hammond

  	

   

  	

  By:

  	

   

  	

  /s/ C. Paul English

  
	

  Name:

  	

   

  	

  Kevin W. Hammond

  	

   

  	

  Name:

  	

   

  	

  C. Paul English

  
	

  Title:

  	

  Vice President

  	

   

  	

  Title:

  	

   

  	

  Associate Treasurer

  
	

   

  	

  Chief Investment

  Officer

  	

   

  	

   

  	

   

  
												

 

CONSENT AND REAFFIRMATION

 

The undersigned (the

"Guarantor") hereby (i) acknowledges receipt of a copy of the

foregoing Waiver and Second Amendment

to Note Purchase Agreement and Notes (the "Amendment"); (ii)

consents to the Company's execution and delivery of the Amendment;  (iii) agrees to be bound by the Amendment;

and (iv) affirms that nothing contained in the Amendment shall modify in any

respect whatsoever its guaranty of the obligations of the Company to the

Purchasers as provided in any Financing Agreements to which it is a party and

reaffirms that all Financing Agreements to which it is a party shall continue

to remain in full force and effect, as amended.  Although the Guarantor has been informed of the matters set forth

herein and has acknowledged and agreed to same, the Guarantor understands that

Purchasers have no obligation to inform the Guarantor of such matters in the

future or to seek the Guarantor's acknowledgment or agreement to future

amendments, waivers or consents, and nothing herein shall create such a duty.

 

IN WITNESS WHEREOF, the

undersigned has executed this Consent and Reaffirmation on and as of the date

of the Amendment.

	

  PRIMO PIATTO, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ Thomas Friezen

  
	

  Printed Name:

  	

  Thomas Friezen

  
	

  Title:

  	

  V.P. – Finance

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]