• FREE RANGE FOOD CO-OP

    AGREEMENT TO PURCHASE CLASS C (PREFERRED) SHARES
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    PURCHASE PREFERRED SHARES

    Date of this offering begins September 9th, 2019

  • APPENDIX A: AGREEMENT TO PURCHASE CLASS C SHARES

    To purchase Class C shares in Free Range Food Co-op, A Minnesota cooperative association organized under Minnesota Statutes Chapter 308B, known as the Minnesota Cooperative Associations Act ("the Co-op"), please complete this Agreement to Purchase Class C Shares (this "Agreement"). When accepted by the Co-op, this Agreement will constitute an irrevocable subscription for shares of preferred, nonvoting stock in the Co-op. A copy of the signed, accepted Agreement to Purchase will be returned as a receipt and an electronic account will be established in your name. The Co-op intends to provide regular, written statements of your holdings at the address provided in the Registration Information (below). 

     

  • By signing this agreement, I acknowledge that the Co-op is relying on my representation in complying with its obligations under federal and state securities laws. Purchaser makes the following representations: 

    1. I have relied only on the information contained in the Disclosure Statement provided by the Co-op in evaluating this offering. I have evaluated the risks involved in investing in the Shares and have determined that the investment amount as reflected above is a suitable investment for myself and I have sufficient financial resources to be able to bear the risk of a complete investment in the Shares. 
    2. I have had an opportunity to ask questions of Co-op officials and review any documents that I requested from the Co-op to verify the information contained in the Disclosure Statement.  
    3. I am a fully paid owner of Free Range Food Co-op.
    4. I am a bona fide resident of Minnesota.
    5. I have the knowledge and experience to adequately evaluate this investment. I am capable of evaluating the merits and risks of my purchase of the Shares. 
    6. I realize that these Shares are sold pursuant to exemption from federal and state securities laws, and that they are not freely transferable. I am aware that the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, in reliance on exemptions from such registration.
    7.  I have examined the Co-op's Disclosure Statement and realize that the Co-op cannot project paying annual dividends on these Shares at this time, and that dividends are not cumulative from year to year.
    8. I understand that the decision to pay dividends or redeem Shares is at the discretion of the board of directors of the Co-op, and is subject to restrictions we may have in loan agreements, and is dependent upon the Co-op achieving sufficient profitability and having adequate financial capacity, as determined by the board.
    9. I understand that this investment is highly speculative and involves a substantial degree of risk, including, but not limited to, the risk factors identified in the accompanying Disclosure Statement.
    10. I understand that if the co-op were to fail, my investment would be lost.
    11. I am purchasing the Shares for my own account for investment purposes and not with a view toward the sale or distribution of all or any part of the Shares. No one other than me has any beneficial interest in the Shares.
    12. I understand that I must provide my Social Security Number in order to receive a dividend payment when a dividend is declared by the Board.
    13. I HAVE CAREFULLY READ THE FOREGOING AND UNDERSTAND THAT IT RELATES TO RESTRICTIONS UPON MY ABILITY TO SELL AND/OR TRANSFER THE SHARES.
  • APPENDIX B: REGISTRATION INFORMATION

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  • Both parties agree to conduct this transaction electronically.

  • (This section to be completed by Board of Directors after purchase is made)

    ACCEPTANCE BY CO-OP

    Subscription accepted this_________day of________________ 2019, by

    Free Range Food Co-op. 

     

     

    By_______________________________

    Member, Board of Directors

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