Amended and Restated

                          Certificate of Incorporation

                                       of

                         American Italian Pasta Company

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

 

     American Italian Pasta Company, a corporation  organized and existing under

the laws of the State of  Delaware  (the  "Corporation"),  hereby  certifies  as

follows:

 

     1. The name of the  Corporation  is American  Italian  Pasta  Company.  The

original  Certificate of  Incorporation  of the  Corporation  was filed with the

Secretary of State of the State of Delaware on October 9, 1991.

 

     2. Pursuant to Sections 242 and 245 of the General  Corporation  Law of the

State  of  Delaware,   as  amended  (the  "DGCL"),  this  Amended  and  Restated

Certificate of  Incorporation  restates and further amends the provisions of the

Certificate of Incorporation of this Corporation.  Pursuant to and in accordance

with the provisions of Section 228 of the DGCL,  written consent to this Amended

and Restated  Certificate of  Incorporation  has been given in lieu of a vote of

stockholders  at a meeting and written  notice of such written  consent has been

given to all  stockholders who have not consented in writing to this Amended and

Restate Certificate of Incorporation.

 

     3. The text of the original  Certificate  of  Incorporation  as  heretofore

amended or  supplemented  is hereby  restated and further amended to read in its

entirety as follows:

 

                                   ARTICLE I

                                      NAME

 

     Section 1.1 Name.  The name of the  Corporation  is American  Italian Pasta

Company.

 

                                   ARTICLE II

                     REGISTERED OFFICE AND REGISTERED AGENT

 

     Section 2.1 Office and Agent.  The registered  office of the Corporation in

the  State  of  Delaware  is  located  at 1209  Orange  Street,  in the  City of

Wilmington,  in the County of New Castle.  The name of its  registered  agent at

that address is The Corporation Trust Company.

 

                                  ARTICLE III

                                CORPORATE PURPOSE

 

     Section 3.1  Purpose.  The purpose of the  Corporation  is to engage in any

lawful act or activity for which corporations may be organized under the DGCL.

 


 

                                   ARTICLE IV

                                 CAPITALIZATION

 

     Section 4.1 Authorized  Capital Stock. (a) The Corporation is authorized to

issue  three  classes  of  stock  to  be  designated,   respectively,  "Class  A

Convertible  Common  Stock",  "Class  B  Convertible  Non-Voting  Common  Stock"

(referred to herein  collectively  with the Class A Convertible  Common Stock as

the "Common  Stock") and "Preferred  Stock." The total number of shares that the

Corporation  is authorized to issue is 110 million  shares,  of which 75 million

shares shall be Class A Convertible  Common Stock, par value $.001 per share, 25

million shares shall be Class B Convertible  Non-Voting  Common Stock, par value

$.001 per share, and 10 million shares shall be Preferred Stock, par value $.001

per share.

 

          (b) concurrently with the effectiveness (the "Effective Time") of this

     amended  and  Restated   Certificate  of  Incorporation   ("Certificate  of

     Incorporation"),  each share of common stock,  no par value per share,  and

     Class A  common  stock,  par  value  $.01  per  share,  of the  Corporation

     outstanding  immediately  prior to the effectiveness of this Certificate of

     Incorporation   shall  be  redesignated  as  6.132043  shares  of  Class  A

     Convertible  Common  Stock.  Each share of common  stock,  no par value per

     share,  and  Class A  common  stock,  par  value  $.01  per  share,  of the

     Corporation  outstanding  immediately  prior to the  Effective  Time  shall

     automatically cease to be outstanding at the Effective Time, and holders of

     such  shares  shall  have the right to  surrender  the  certificates  which

     represented  such  shares  in  exchange  for  receipt  of shares of class A

     Convertible  Common Stock in accordance with this Section 4.1(b).  Any such

     certificates  presented  after the  Effective  time for  transfer  shall be

     cancelled and  exchanged for shares of Class A Convertible  Common Stock as

     provide in this Section  4.1(b).  Until so  surrendered,  each  certificate

     which,  prior to the Effective  Time,  represented  issued and  outstanding

     shares of common  stock,  no par value per share,  or Class A common stock,

     par value $.01 per share,  shall be deemed and  treated  for all  corporate

     purposes to represent  the  ownership of the number of Class A  convertible

     Common Stock that would have been issued if such surrender had taken place.

 

          (c) No  fractional  shares  of less  than one  whole  share of Class A

     Convertible  Common Stock or scrip  representing  such fractional shares of

     Class A Convertible  Common Stock shall be issued in  connection  with such

     redesignation,  and such  fractional  share  interests will not entitle the

     holder  thereof to vote or to any rights of a  stockholder  of the  Company

     after the effectiveness of this Certificate of Incorporation. All shares of

     Class A Convertible Common Stock (including  fractions thereof) issuable to

     a holder  upon the  redesignation  pursuant to this  subparagraph  shall be

     aggregated  for purposes of  determining  whether the  redesignation  would

     result in a fractional share. If after such aggregation,  the redesignation

     would result in the issuance of a fractional  share of Class A  Convertible

     Common  Stock,  such  fractional  share  shall be rounded up or down to the

     nearest whole share of Class A Convertible Common Stock, and there shall be

     no cash paid to or from the  Corporation in respect of any such  fractional

     interest.

 

     Section 4.2 Common Stock. The designations and the powers,  preferences and

rights of the Common Stock are as follows:

 

          (a) Voting Rights.

 

               (i) Class A Convertible Common Stock.  Except as set forth herein

          or as otherwise  required by law,  each  outstanding  share of Class A

          Convertible  Common  Stock shall be entitled to vote on each matter on

          which the  stockholders of the Corporation  shall be entitled to vote,

          including  the  election  of  directors,  and each  holder  of Class A

          Convertible  Common Stock shall be entitled to one vote for each share

          of such stock held by such holder.

 

               (ii) Class B Convertible  Non-Voting Common Stock.  Except as set

          forth herein or as otherwise  required by law, each outstanding  share

          of Class B Convertible  Non-Voting  Common Stock shall not be entitled

          to vote on any  matter on which the  stockholders  of the  Corporation

          shall  be  entitled  to  vote,  and  shares  of  Class  B  Convertible

          Non-Voting  Common  Stock  shall not be included  in  determining  the

          number  of  shares  voting or  entitled  to vote on any such  matters.

          Notwithstanding  the  foregoing,  holders  of  shares  of the  Class B

          Convertible  Non-Voting  Common  Stock  shall be entitled to vote as a

          separate  class on any amendment to this  subparagraph  (a)(ii) and on

          any  amendment,  repeal  or  modification  of any  provision  of  this

          Certificate  of  Incorporation  that  adversely  affects  the  powers,

          preferences  or special  rights of holders of the Class B  Convertible

          Non-Voting Common Stock.

 

     The number of authorized  shares of Class B Convertible  Non-Voting  Common

Stock may be increased or decreased  (but not below the number of shares thereof

then  outstanding  plus the number of shares of Class B  Convertible  Non-Voting

Common Stock issuable or exercisable pursuant to any security of the Corporation

providing for the issuance or delivery of Class B Convertible  Non-Voting Common

Stock) by the  affirmative  vote of the holders of a majority of the outstanding

shares of Class A  Convertible  Common  Stock and without any vote or consent of

the holders of shares of Class B Convertible Non-Voting Common Stock.

 

          (b)  Dividends  and  Distributions.  Subject  to the  prior  rights of

     holders of all classes of stock at the time outstanding having prior rights

     as to dividends,  the Board of Directors of the Corporation  (the "Board of

     Directors")  may cause  dividends  to be paid to the  holders  of shares of

     Common Stock out of funds legally available for the payment of dividends by

     declaring an amount per share as a dividend. When and as dividends or other

     distributions  (including  without  limitation any grant or distribution of

     rights to subscribe  for or purchase  shares of capital stock or securities

     or  indebtedness  convertible  into capital stock of the  Corporation)  are

     declared, whether payable in cash, in property or in shares of stock of the

     Corporation  (other  than in shares of Common  Stock) the holders of Common

     Stock  shall be  entitled  to  share  equally,  share  for  share,  in such

     dividends  or other  distributions  as if all such  shares were of a single

     class.  No  dividends or other  distributions  shall be declared or paid in

     shares of Common  Stock,  or options,  warrants  or rights to acquire  such

     stock or securities  convertible  into or  exchangeable  for shares of such

     stock,  except  dividends  or  other  distributions  payable  to all of the

     holders of Common Stock  ratably  according to the number of shares held by

     them,  in shares of Class A  Convertible  Common  Stock to  holders of that

     class of  stock,  and in shares of Class B  Convertible  Non-Voting  Common

     Stock to holders of that class of stock.

 

          (c) Liquidation. Subject to the prior rights of holders of all classes

     of stock outstanding  having prior rights with respect to the assets of the

     Corporation,  in the event of any  voluntary  or  involuntary  liquidation,

     dissolution  or winding up of the  affairs of the  Corporation,  holders of

     Common Stock shall be entitled to share ratably  according to the number of

     shares  held by  them,  in all  assets  of the  Corporation  available  for

     distribution to its stockholders.

 

          (d) Conversion.

 

               (i) Conversion of Class A convertible Common Stock.

 

                    (A) Optional Conversion. Subject to and upon compliance with

               the  provisions of this  subparagraph  (d),  each Morgan  Stanley

               Stockholder  (as  hereinafter   defined)  shall  be  entitled  to

               convert,  at any time and  from  time to time,  any or all of the

               shares  of  Class  A  Convertible   Common  Stock  held  by  such

               stockholder into an equal number of shares of Class B Convertible

               Non-Voting  Common Stock;  provided that  following  receipt of a

               Deferral  Notice (as defined in  paragraph  (d)(iv)  below),  the

               aggregate  number of shares of Class A  Convertible  Common Stock

               permitted  to be  converted  at the end of the  related  Deferral

               Period  (as  defined  in  paragraph  (d)(iv)  below) by each such

               stockholder (other than a stockholder that requested a conversion

               and thereby  triggered such Deferral  Notice,  which  stockholder

               shall be  entitled to convert  all shares  such  stockholder  has

               requested to convert) in accordance with paragraph  (d)(iv) shall

               be equal to the  number of shares of Class A  Convertible  Common

               Stock held by such  stockholder that are required to be converted

               so that such  stockholder  (after  giving  effect to the proposed

               redemption,  repurchase or other acquisition,  if any, and to all

               other conversions  during or upon the expiration of such Deferral

               Period) holds the same percentage of the total  outstanding Class

               A Convertible  Common Stock as such  stockholder held immediately

               prior to the receipt of the relevant Deferral Notice.

 

                    (B) Automatic  Conversion.  Notwithstanding  anything to the

               contrary in the immediately  preceding clause (A), in the case of

               any such conversion  (including any conversion in accordance with

               paragraph   (d)(iv))  or  in  the  case  of  any  acquisition  of

               additional  shares  of Class A  Convertible  Common  Stock by any

               Morgan   Stanley   Stockholder   in  each  case   following   the

               consummation  of the  Corporation's  initial  public  offering of

               Class A Convertible  Common Stock (the "IPO"),  shares of Class A

               Convertible  Common  Stock  held by Morgan  Stanley  Stockholders

               shall,  pro rata in proportion to the number of shares of Class A

               Convertible Common Stock held by all Morgan Stanley Stockholders,

               automatically,  without any action on part of the transferor, the

               transferee or the Corporation,  be converted into shares of Class

               B Convertible  Non-Voting Common Stock to the extent necessary so

               that,  after giving  effect to all such  conversions  (and to any

               other related  redemptions,  repurchases or other  acquisitions),

               the Morgan Stanley  Stockholders shall not own in the aggregate a

               number of shares of Class A Convertible Common Stock greater than

               the MS Percentage (as hereinafter defined).

 

               (ii) Conversion of Class B Convertible Non-Voting Common Stock.

 

                    (A) Optional  Conversion.  Prior to the  consummation of the

               IPO and subject to and upon  compliance  with the  provisions  of

               this subparagraph  (d), each Morgan Stanley  Stockholder shall be

               entitled  at any time and from time to time to convert any or all

               of its shares of Class B Convertible Non-Voting Common Stock into

               an equal number of shares of Class A  Convertible  Common  Stock.

               Following  the  consummation  of the IPO and  subject to and upon

               compliance  with the  provisions of this  subparagraph  (d), each

               Morgan Stanley Stockholder shall be entitled at any time and from

               time to time,  if at such time the  Morgan  Stanley  Stockholders

               shall  beneficially own, in the aggregate,  a number of shares of

               Class  A  Convertible  Common  Stock  that is  less  than  the MS

               Percentage,  to  convert  a  number  of its  shares  of  Class  B

               Convertible  Non-Voting  Common Stock held by such Morgan Stanley

               Stockholder,  pro rata in  proportion  to the number of shares of

               Class B  Convertible  Non-Voting  Common Stock held by all Morgan

               Stanley  Stockholders,  into an equal number of shares of Class A

               Convertible  Common  Stock  such  that,  if  all  Morgan  Stanley

               Stockholders  were to concurrently  exercise the right to convert

               as set forth in this  subparagraph  (d)(ii),  the Morgan  Stanley

               Stockholders  would,   immediately   following  such  conversion,

               beneficially  own in the  aggregate a number of shares of Class A

               Convertible Common Stock no greater than the MS Percentage.

 

                    (B) Automatic Conversion Upon Transfer.  Upon a Transfer (as

               hereinafter  defined) by any Morgan  Stanley  Stockholder  of any

               shares of Class B Convertible Non-Voting Common Stock to a person

               other than any other Morgan Stanley  Stockholder or any Affiliate

               of  any  Morgan  Stanley  Stockholder,  any  shares  of  Class  B

               Convertible   Non-Voting   Common  Stock  so  Transferred   shall

               automatically,  without any action on part of the transferor, the

               transferee or the Corporation,  be converted into an equal number

               of  shares  of  Class  A   Convertible   Common  Stock  upon  the

               consummation  of such  Transfer.  Each such  conversion  shall be

               deemed to have been  effected  immediately  prior to the close of

               business on the date the share is Transferred.

 

          (iii) Mechanics of Conversion.

 

                    (A) Optional Conversion.  Each optional conversion of shares

               of any class of Common  Stock of the  Corporation  into shares of

               another  class  of  Common  Stock  of the  Corporation  shall  be

               effected by the  surrender  of the  certificate  or  certificates

               representing the shares to be converted (the "Converting Shares")

               accompanied  by  instruments  of  transfer  satisfactory  to  the

               Corporation  and  the  payment  in cash  of any  amount  required

               pursuant  to  subparagraph  (d)(viii)  below  and  sufficient  to

               transfer the  Converting  Shares to the  Corporation  free of any

               adverse  interest,  at the principal office of the Corporation or

               any of the offices or agencies maintained for such purpose by the

               Corporation  ("Transfer Agent") and shall give written notice (by

               registered or certified mail, overnight courier or hand delivery)

               to the  Corporation  at such  Transfer  Agent  that  such  holder

               desires to convert the Converting  Shares,  or a stated number of

               the shares represented by such  certificate or  certificates,  into an equal

               number of  shares of the class  into  which  such  shares  may be

               converted (the "Converted Shares").  Such notice shall also state

               the name or names (with addresses) and denominations in which the

               certificate or certificates for Converted Shares are to be issued

               and shall include instructions for the delivery thereof.

 

                    The  Corporation  shall promptly  notify each Morgan Stanley

               Stockholder  of its  receipt  of  such  notice.  As  promptly  as

               practicable  after the  surrender  of such  Converting  Shares as

               aforesaid,   the  Corporation  will,  subject  to  the  terms  of

               subparagraphs  (d)(i) and  (d)(ii)  hereof,  issue and deliver in

               accordance  with  the  surrendering   holder's  instructions  the

               certificate  or  certificates  evidencing  the  Converted  Shares

               issuable upon such  conversion,  and the Corporation will deliver

               to the converting holder a certificate  (which shall contain such

               legends  as were set  forth  on the  surrendered  certificate  or

               certificates)  representing  any shares which were represented by

               the  certificate  or  certificates  that  were  delivered  to the

               Corporation in connection  with such  conversion,  but which were

               not  converted;  provided,  however,  that if such  conversion is

               subject to subparagraph  (d)(iv) below, the Corporation shall not

               issue such  certificate or  certificates  until the expiration of

               the Deferral Period referred to therein.

 

                    Such  conversion,  to the extent  permitted by law, shall be

               deemed to have been  effected  as of the close of business on the

               date on which such surrendered  certificate or certificates shall

               have been received by the Corporation as provided herein,  and at

               such time the  rights of the holder of the  Converting  Shares as

               such  holder  shall cease and the person or persons in whose name

               or names the certificate or certificates for the Converted Shares

               are to be  issued  upon such  conversion  shall be deemed to have

               become the holder or holders of record of the  Converted  Shares.

               Notwithstanding  the  foregoing,  in  the  case  of a  conversion

               subject to subparagraph  (d)(iv) below,  the conversion  shall be

               deemed  effective  upon the  expiration  of the  Deferral  Period

               referred to therein.

 

                    (B)  Automatic  Conversion.  Each  automatic  conversion  of

               shares  of any  class of  Common  Stock of the  Corporation  into

               shares of another class of Common Stock of the Corporation  shall

               be deemed to have been effected immediately prior to the close of

               business  on the date the  share is  automatically  converted  in

               accordance  with  this  subparagraph  (d).  In each such case the

               person  or  persons  in whose  name or names any  certificate  of

               certificates  for  Converted  Shares shall be issuable  upon such

               conversion  shall be deemed to have  become the holder or holders

               of record of the  Converted  Shares  represented  thereby  at the

               effective  date of such  conversion,  unless  the stock  transfer

               books of the  Corporation  shall be closed on such date, in which

               event  such  conversion  shall be deemed  to have  been  effected

               immediately  following the opening of business on the next day on

               which the stock transfer books of the Corporation  shall be open.

               Following any such automatic  conversion,  the share or shares of

               Common Stock so converted  shall cease to be  outstanding(degree)

               notwithstanding  the fact that the holder or holders may not have

               surrendered  the certificate or  certificates

               representing  such  Converting  Shares for  conversion,  and such

               certificate or certificates shall thereafter represent solely the

               right to receive a certificate or certificates  for the Converted

               Shares  Stock  issuable  upon  such  automatic  conversion,  upon

               surrender of such  certificate or certificates to the Corporation

               or  its  transfer  agent,  of  the  certificate  or  certificates

               representing the Converting Shares so converted.

 

               (iv)  Notice of  Conversions  or Other  Transfers  to the  Morgan

          Stanley  Stockholders.  Following  the  consummation  of the IPO,  the

          Corporation  shall not  convert  or  directly  or  indirectly  redeem,

          repurchase  or  otherwise  acquire  any shares of Class A  Convertible

          Common Stock or any other class of capital stock of the Corporation or

          take any other action  affecting  the voting  rights of such shares if

          such action would  increase the percentage of any class of outstanding

          voting securities of the Corporation  beneficially owned or controlled

          by any Morgan  Stanley  Stockholder  (other than any such  stockholder

          which  requested  that the  Corporation  take such  action,  or. which

          otherwise  waives  in  writing  its  rights  under  this  subparagraph

          (d)(iv)),  unless the Corporation  gives written notice (the "Deferral

          Notice")  of such  action  to each  Morgan  Stanley  Stockholder.  The

          Corporation  will  defer  making  any  such  conversion,   redemption,

          purchase or other acquisition,  or taking any such other action, for a

          period of 10 business days (the  "Deferral  Period")  after giving the

          Deferral  Notice in order to allow each Morgan Stanley  Stockholder to

          determine  whether it wishes to convert or take any other  action with

          respect to the Common Stock it beneficially owns, controls, or has the

          power to vote, and if any such Morgan Stanley  Stockholder then elects

          to convert  any shares of Class A  Convertible  Common  Stock it shall

          notify the  Corporation  in writing  within five  business days of the

          issuance of the Deferral Notice,  in which case the Corporation  shall

          (i) defer  taking the  pending  action  until the end of the  Deferral

          Period,  (ii)  promptly  notify from time to time each Morgan  Stanley

          Stockholder  holding  shares  of  each  proposed  conversion  and  the

          proposed  transactions,  and (iii) effect the conversions requested by

          all Morgan  Stanley  Stockholders  in response  to the notices  issued

          pursuant  to this  subparagraph  (d)(iv)  at the  end of the  Deferral

          Period.

 

               The  Corporation  shall  deliver  notice to each  Morgan  Stanley

          Stockholder  (i) not later than 50 days  after the end of each  fiscal

          quarter, of the number of shares of each class of stock outstanding as

          of a  date  on  or  after  the  end  of  such  fiscal  quarter  (which

          requirement may be satisfied by the Corporation by delivering periodic

          reports  under the  Securities  Exchange Act of 1934,  as amended (the

          "Exchange  Act")  containing  such  information)  and (ii)  within  10

          business  days of the  issuance  of any shares of Class A  Convertible

          Common Stock which,  together with any other such issuances  since the

          date of the last  notice  pursuant  to clause  (i) of this  paragraph,

          results in the  number of  outstanding  shares of Class A  Convertible

          Common  Stock  increasing  by three  percent or more since the date of

          such last prior notice.

 

               (v) Stock Splits;  Adjustments.  If the Corporation  shall in any

          manner  subdivide  (by stock split,  stock  dividend or  otherwise) or

          combine (by reverse stock split or otherwise) the  outstanding  shares

          of any class of Common  Stock,  the  outstanding  shares of each other

          class of Common Stock shall be subdivided or combined, as the case

          may be,  to the same  extent,  share and share  alike,  and  effective

          provision  shall be made for the protection of the  conversion  rights

          hereunder.

 

               In case of any  reorganization,  reclassification  or  change  of

          shares of any class of Common  Stock (other than a change in par value

          or  from  par  to  no  par  value  as a  result  of a  subdivision  or

          combination),  or in case of any consolidation of the Corporation with

          one or more  corporations or a merger of the Corporation  with another

          corporation,  each holder of a share of Common Stock,  irrespective of

          class,  shall  have the right at any time  thereafter,  so long as the

          conversion  right hereunder with respect to such share would exist had

          such  event not  occurred,  to  convert  such  share into the kind and

          amount  of  shares  of  stock  and  other  securities  and  properties

          (including    cash)     receivable    upon    such     reorganization,

          reclassification,  change, consolidation, merger, sale, lease or other

          disposition by a holder of the number of shares of the class of Common

          Stock into which such shares of Common Stock might have been converted

          immediately  prior to such  reclassification,  change,  consolidation,

          merger,  sale,  lease or  other  disposition.  In the  event of such a

          reorganization, reclassification, change, consolidation, merger, sale,

          lease or other disposition,  effective  provision shall be made in the

          certificate of incorporation of the resulting or surviving corporation

          or otherwise for the protection of the conversion rights of the shares

          of Common Stock of each class that shall be  applicable,  as nearly as

          reasonably  may be,  to any  such  other  shares  of stock  and  other

          securities  and  property  deliverable  upon  conversion  of shares of

          Common  Stock into which such Common  Stock might have been  converted

          immediately prior to such event.

 

               (vi)  Reservation of Shares.  The Corporation  shall at all times

          reserve and keep available out of its  authorized but unissued  shares

          of each class of Common Stock or its treasury  shares,  solely for the

          purposes of  issuance  upon the  conversion  of shares of any class of

          Common Stock, such number of shares of such class as are then issuable

          upon the  conversion of all  outstanding  shares of each such class of

          Common Stock.

 

               (vii) Payment of Transfer Taxes. The issuance of certificates for

          shares of any class of Common Stock upon  conversion  of shares of any

          other  class of  Common  Stock  shall be made  without  charge  to the

          holders of such  shares  for any  issuance  tax in respect  thereof or

          other  cost  incurred  by the  Corporation  in  connection  with  such

          conversion  and the  related  issuance  of  shares  of  Common  Stock;

          provided,  however,  that the Corporation shall not be required to pay

          any tax which may be payable in respect of any  transfer  involved  in

          the issuance and delivery of any certificate in a name other than that

          of the  holder of the  Common  Stock  converted  and no such  issue or

          delivery  shall be made  unless and until the person  requesting  such

          issue or delivery has paid to the  Corporation  the amount of any such

          tax or has established,  to the satisfaction of the Corporation,  that

          such tax has been paid.

 

               (e) No Preemptive  Rights.  The holders of shares of Common Stock

          shall have no preemptive or Preferential rights of subscription to any

          shares  of any  class  of  capital  stock  of the  Corporation  or any

          securities convertible into or exchangeable for shares of any class of

          capital stock of the Corporation.

 

               (f) Definitions.  As used herein,  the following terms shall have

          meanings shown below:

 

                    (i) "Affiliate" means with respect to any Person,  any other

               Person,  directly or  indirectly  controlling,  controlled  by or

               under  common  control  with such  Person,  whether  through  the

               ownership of voting  securities,  by contract or  otherwise,  and

               successor trust or nominee.

 

                    (ii) "Morgan  Stanley  Stockholders"  means  Morgan  Stanley

               Capital Investors,  L.P., a Delaware limited partnership,  Morgan

               Stanley   Capital   Partners  III,   L.P.,  a  Delaware   limited

               partnership, The Morgan Stanley Leveraged Equity Fund II, L.P., a

               Delaware  limited  partnership,   Morgan  Stanley,  Dean  Witter,

               Discover & Co., a Delaware corporation,  Affiliates of any of the

               foregoing Persons or any member of the Board of Directors who was

               nominated  for  election  to the  Board of  Directors  by  Morgan

               Stanley Stockholder.

 

                    (iii) "MS Percentage" means 49% of the outstanding shares of

               Class A Convertible Common Stock.

 

                    (iv) "Person" means an individual, corporation, partnership,

               limited liability Company, association,  trust or other entity or

               organization,  including a government or political subdivision or

               any agency or instrumentality, thereof.

 

                    (v)  "Transfer"  or  "Transferred"  means a transfer,  sale,

               assignment, pledge, gift or other disposition.

 

     Section 4.3 Preferred  Stock.  Shares of Preferred Stock of the Corporation

may be issued from time to time in one or more classes or series,  each of which

class or series  have shall such  distinctive  designation  or title as shall be

fixed by the  affirmative  vote of a majority  of the whole  Board of  Directors

prior to the  issuance  of any  shares  thereof.  Each  such  class or series of

Preferred  Stock shall have such voting  powers,  full or limited,  or no voting

powers, and such designations, preferences and relative, participating, optional

or  other  special  rights  and  qualifications,  limitations  or  restrictions,

including the dividend rate,  redemption price and liquidation  preference,  and

may be convertible into, or exchangeable for, at the option of either the holder

or the  Corporation  or upon the happening of a specified  event,  shares of any

other  class or  classes or any other  series of the same or any other  class or

classes of capital stock,  or any debt  securities,  of the  Corporation at such

price or prices or at such rate or rates of exchange  and with such  adjustments

as shall be stated and expressed in this  Certificate of Incorporation or in any

amendment hereto or in such resolution or resolutions providing for the issuance

of such class or series of Preferred Stock as may be adopted from to time by the

affirmative  vote of a majority  of the whole  Board of  Directors  prior to the

issuance of any shares thereof pursuant to the authority hereby expressly vested

in it, all in accordance  with the DGCL. The authority of the Board of Directors

with  respect to each  series  shall also  include,  but not be limited  to, the

determination of restrictions, if any, on the issue or reissue of any additional

shares of Preferred Stock.

 

                                    ARTICLE V

                                 INDEMNIFICATION

 

     Section 5.1 Indemnification. (a) Right to Indemnification.  Each person who

was or is made a party or is  threatened to be made a party to or is involved in

or called as a witness in any Proceeding (as hereinafter  defined) because he or

she is or was or had agreed to become a  director,  officer or  Delegate of this

Corporation, shall, and, at the election of the Corporation as determined by the

Board of  Directors,  each person who was or is made a party or is threatened to

be made a party to or is  involved  in or called as a witness in any  Proceeding

because he or she is or was an  employee  or agent of the  Corporation  may,  be

indemnified and held harmless by the Corporation to the fullest extent permitted

under the DGCL,  as the same now exists or may hereafter be amended (but, in the

case of any such amendment,  only to the extent that such amendment  permits the

Corporation to provide  broader  indemnification  rights than the DGCL permitted

the Corporation to provide prior to such amendment).  Such indemnification shall

cover all expenses incurred by an person indemnified  pursuant to this Article V

(including,   but  not  limited  to,  attorneys'  fees  and  other  expenses  of

litigation)  and all  liabilities  and losses  (including,  but not  limited to,

judgments,  fines,  ERISA or other excise taxes or penalties and amounts paid or

to be paid in settlement) incurred by such person in connection therewith.

 

     Notwithstanding  the  foregoing,  except  with  respect to  indemnification

specified in Section  5.l(c),  the  Corporation  shall  indemnify an Indemnified

Person in  connection  with a  Proceeding  (or part  thereof)  initiated by such

person only if such  Proceeding (or part thereof) was authorized by the Board of

Directors of the Corporation.

 

     For purposes of this Article V:

 

               (i) a  "Proceeding"  is an action,  suit or  proceeding,  whether

          civil,  criminal,  administrative  or  investigative,  and any  appeal

          therefrom  including,  without  limitation,  any  such  action,  suit,

          proceeding or appeal by or in the right of the Corporation;

 

               (ii) a "Delegate" of the  Corporation  is (A) any employee of the

          Corporation or a subsidiary of the  Corporation  serving as a director

          or officer (or in a  substantially  similar  capacity) of an entity or

          enterprise  (x)  in  which  the  Corporation   and  its   subsidiaries

          collectively  own a  10%  or  greater  equity  interests  or  (y)  the

          principal  function of which is to service or benefit the  Corporation

          or  a  subsidiary  of  the  Corporation;   (B)  any  employee  of  the

          Corporation or a subsidiary of the Corporation serving as a trustee or

          fiduciary of an employee benefit plan of the Corporation or any entity

          or enterprise  referred to in clause (A); and (C) any person acting at

          the  request  of the  Board of  Directors  of the  Corporation  in any

          capacity with any entity or enterprise other than the Corporation; and

 

               (iii) the "Corporation"  means American Italian Pasta Company,  a

          Delaware  corporation,  and its  successors,  but does not include any

          constituent  corporation  (including any constituent of a constituent)

          absorbed in a  consolidation  or merger  within the meaning of Section

          145(h) of the DGCL.

 

          (b)  Expenses.  Expenses,  including  attorneys'  fees,  incurred by a

     director  or officer of the  Corporation  indemnified  pursuant  to Section

     5.1(a) in defending or otherwise  being  involved in a Proceeding  shall be

     paid  by the  Corporation  in  advance  of the  final  disposition  of such

     Proceeding,  including any appeal therefrom, upon receipt of an undertaking

     (the  "Undertaking") by or on behalf of such person to repay such amount if

     it shall  ultimately  be  determined  that he or she is not  entitled to be

     indemnified  by  the  Corporation;  provided  that  in  connection  with  a

     Proceeding (or part thereof) initiated by such person,  except a Proceeding

     authorized by Section 5.1(c),  the  Corporation  shall pay said expenses in

     advance of final  disposition only if such Proceeding (or part thereof) was

     authorized  by the  Board of  Directors.  A  person  to whom  expenses  are

     advanced  pursuant  hereto shall not be obligated to repay  pursuant to the

     Undertaking  until the final  determination of any pending  Proceeding in a

     court of competent  jurisdiction  concerning the right of such person to be

     indemnified  or the  obligation  of such  person to repay  pursuant  to the

     Undertaking.  Such expenses,  including  attorneys' fees, incurred by other

     employees and agents of the  Corporation may be so paid upon such terms and

     conditions, if any, as the Board of Directors deems appropriate.

 

          (c)  Protection  of Rights.  If a claim  under  Section  5.1(a) is not

     promptly  paid in full by the  Corporation  after a written  claim has been

     received by the  Corporation  or if expenses  pursuant to Section 5.1(b) of

     this Article have not been promptly  advanced  after a written  request for

     such advancement accompanied,  in the case of such request by a director or

     officer,  by the  Undertaking  has been  received by the  Corporation,  the

     claimant may at any time  thereafter  bring suit against the Corporation to

     recover the unpaid amount of the claim or the  advancement of expenses.  If

     successful,  in whole or in part, in such suit, such claimant shall also be

     entitled to be paid the  reasonable  expense  thereof  (including,  without

     limitation,  attorneys'  fees).  It shall be a defense  to any such  action

     (other than an action  brought to enforce a claim for expenses  incurred in

     defending  any  Proceeding  in advance of its final  disposition  where the

     required  Undertaking,  if any, has been tendered to the Corporation)  that

     indemnification  of the  claimant is  prohibited  by law, but the burden of

     proving such defense  shall be on the  Corporation.  Neither the failure of

     the  Corporation  (including  its  Board of  Directors,  independent  legal

     counsel,  or its  stockholders) to have made a determination,  if required,

     prior  to the  commencement  of such  action  that  indemnification  of the

     claimant is proper in the circumstances, nor an actual determination by the

     Corporation  (including its Board of Directors,  independent legal counsel,

     or its stockholders)  that  indemnification  of the claimant is prohibited,

     shall  be  a  defense   to  the  action  or  create  a   presumption   that

     indemnification  of the  claimant is  prohibited.  The  termination  of any

     action, suit or proceeding by judgment,  order, settlement,  conviction, or

     upon a plea of nolo  contendere  or its  equivalent,  shall not, of itself,

     create a  presumption  that the person did not act in  accordance  with any

     applicable  standard of conduct which makes it  permissible  under the DGCL

     for the Corporation to indemnify the claimant.

 

          (d) Miscellaneous.

 

               (i) Non-Exclusivity of Rights. The rights conferred on any person

          by this  Article V shall not be  exclusive  of any other  rights which

          such person may have or hereafter acquire under any statute, provision

          of the  Certificate  of  Incorporation,  By-law,

          agreement,   vote  of  stockholders  or  disinterested   directors  or

          otherwise.  The  Board  of  Directors  shall  have the  authority,  by

          resolution, to provide for such indemnification of employees or agents

          of the  Corporation  or others and for such other  indemnification  of

          directors, officers or Delegates as it shall deem appropriate.

 

               (ii)  Insurance,  Contracts  and  Funding.  The  Corporation  may

          maintain  insurance,  at  its  expense,  to  protect  itself  and  any

          director,  officer,  Delegate,  employee,  or agent of the Corporation

          against  any  expenses,  liabilities  or losses,  arising  out of such

          person's status as such, whether or not the Corporation would have the

          power to indemnify such person  against such expenses,  liabilities or

          losses under the DGCL. The  Corporation  may enter into contracts with

          any director, officer or Delegate of the Corporation in furtherance of

          the provisions of this Article V and may create a trust fund,  grant a

          security interest or use other means (including, without limitation, a

          letter of  credit to ensure  the  payment  of such  amounts  as may be

          necessary to effect the advancing of expenses and  indemnification  as

          provided in this Article V.

 

               (iii) Contractual  Nature. The provisions of this Article V shall

          be applicable  to all  Proceedings  commenced or continuing  after its

          adoption,  whether such arise out of events,  acts or omissions  which

          occurred prior or subsequent to such  adoption,  and shall continue as

          to a person who has ceased to be a director,  officer or Delegate  and

          shall inure to the benefit of the heirs,  executors and administrators

          of such  person.  This  Article  V shall be  deemed  to be a  contract

          between  the  Corporation  and each  person who, at any time that this

          Article V is in  effect,  serves  or  agrees to serve in any  capacity

          which  entitles  him to  indemnification  hereafter  and any repeal or

          other  modification of this Article,  the adoption of any provision of

          the Corporation's Certificate of Incorporation  inconsistent with this

          Article  V or any  repeal  or  modification  of the DGCL or any  other

          applicable  law shall not limit any such person's  entitlement  to the

          advancement  of expenses or  indemnification  under this Article V for

          Proceedings  then  existing or later  arising  out of events,  acts or

          omissions  occurring  prior to such repeal or modification or adoption

          of an inconsistent provision, including, without limitation, the right

          to  indemnification  for  Proceedings  commenced  after such repeal or

          modification or adoption of an inconsistent  provision to enforce this

          Article V with regard to Proceedings arising out of acts, omissions or

          events  occurring  prior to such repeal or modification or adoption of

          an inconsistent provision.

 

                                   ARTICLE VI

                             LIABILITY OF A DIRECTOR

 

     Section 6.1 Director Liability. (a) A director of the Corporation shall not

be personally liable to the Corporation or its Stockholders for monetary damages

for breach of fiduciary  duty as a director,  except for  liability  (i) for any

breach of the director's duty of loyalty to the Corporation or its stockholders,

(ii) for acts or  omissions  not in good  faith  or  which  involve  intentional

misconduct or a knowing  violation of law,  (iii) under Section 174 of the DGCL,

or (iv) for any  transaction  from  which  the  director  derived  any  improper

personal benefit.

 

          (b)  If the  DGCL  is  amended  hereafter  to  authorize  the  further

     elimination or limitation of the liability of directors, then the liability

     of a director  of the  Corporation  shall be

     eliminated or limited to the fullest  extent  authorized by the DGCL, as so

     amended,  without  further  action by either the Board of  Directors or the

     stockholders of the Corporation.

 

          (c)  Neither  any  amendment  nor repeal of this  Article  VI, nor the

     adoption of any provision of the Corporation's Certificate of Incorporation

     inconsistent  with this Article VI, shall eliminate or reduce the effect of

     this Article, in respect of any act or omission occurring, or any action or

     proceeding accruing or arising or that, but for this Article,  would accrue

     or arise,  prior to such  amendment,  repeal or adoption of an inconsistent

     provision.

 

                                  ARTICLE VII

                  MANAGEMENT OF THE AFFAIRS OF THE CORPORATION

 

     Section 7.1 Management of the Affairs of the Corporation.  (a) The business

and affairs of the Corporation shall be managed by the Board of Directors, which

may exercise all the powers of the  Corporation  and do all such lawful acts and

things that are not conferred  upon or reserved to the  stockholder,  by law, by

this  Certificate of  Incorporation  or by the by-laws of the  Corporation  (the

"By-Laws").

 

          (b) Election of directors  of the  Corporation  need not be by written

     ballot, unless required by the By-Laws.

 

          (c) The  following  provisions  are  inserted for the  limitation  and

     regulation  of the  powers  of the  Corporation  and of its  directors  and

     stockholders:

 

               (i)  Amendment of By-Laws.  The By-Laws,  or any of them,  may be

          altered,  amended or repealed, or new By-Laws may be made, but only to

          the extent any such alteration,  amendment repeal or new By-Law is not

          inconsistent  with any provision of this  Certificate of Incorporation

          as it may be amended  from time to time,  either by a majority  of the

          whole Board of Directors  or by the  stockholders  of the  Corporation

          upon  the  affirmative  vote of the  holders  of at least a 80% of the

          outstanding capital stock entitled to vote thereon.

 

               (ii) Board of Directors.

 

                    (A) The number of directors which shall constitute the whole

               Board of Directors  shall be determined in the manner provided in

               the By-Laws of the  Corporation.  The Board of Directors shall be

               divided into three classes, as nearly equal in number as the then

               total number of directors  constituting the entire Board permits,

               with the term of office  of one class  expiring  each  year.  The

               initial  division of the Board of Directors  shall be made by the

               decision  of a majority  of the entire  Board of  Directors.  The

               initial  Class I  directors  elected by the  stockholders  of the

               Corporation  shall hold  office for a term  expiring  at the 1998

               annual meeting of stockholders  and until their  successors shall

               be elected and  qualified,  subject to prior  death,  retirement,

               resignation or removal; the initial Class II directors elected by

               the stockholders  of the  Corporation  shall  hold  office for a term

               expiring at the 1999  annual  meeting of  stockholders  and until

               their successors shall be elected and qualified, subject to prior

               death, retirement,  resignation or removal; and the initial Class

               Ill  directors  elected by the  stockholders  of the  Corporation

               shall hold office for a term expiring at the 2000 annual  meeting

               of stockholders  and until their  successors shall be elected and

               qualified,  subject to prior death,  retirement,  resignation  or

               removal.  At each such annual meeting of stockholders and at each

               annual meeting  thereafter,  successors to the class of directors

               whose term  expires at that  meeting  shall be elected for a term

               expiring at the third annual meeting following their election and

               until their successors shall be elected and qualified, subject to

               prior death, retirement, resignation or removal.

 

                    (B)  Subject to the  rights of the  holders of any series of

               preferred  stock  or any  other  class  of  capital  stock of the

               Corporation  (other than  common  stock)  then  outstanding,  any

               vacancy  in  the  Board  of   Directors,   arising   from  death,

               retirement,  resignation,  removal,  an increase in the number of

               directors  or any  other  cause,  may be  filled  by the Board of

               Directors  (excluding  for this purpose  directors  designated by

               affiliates of Morgan Stanley Dean Witter  Discover & Co. pursuant

               to the Amended and Restated  Shareholders'  Agreement dated as of

               October 6, 1997 (as amended from time to time, the  "Shareholders

               Agreement")  to the  extent  but only to the  extent,  that  such

               directors   would   constitute  a  majority  of  such   remaining

               directors),  acting by a majority of the remaining directors then

               in office,  although less than a quorum,  or by a sole  remaining

               director, the stockholders acting at an annual meeting or, if the

               vacancy is with respect to a director  elected by a voting group,

               by action of any other directors  elected by such voting group or

               such voting group.  Notwithstanding  the preceding  sentence,  so

               long as the  Shareholders  Agreement  between the Company and the

               stockholders  specified therein remains in effect, the person who

               designated  any director  nominee  pursuant to Section 2.1 of the

               Shareholders  Agreement  shall be entitled to  designate  another

               director  nominee  to be  appointed  by the  Board of  Directors,

               provided a vacancy  occurs as a result of the death,  disability,

               retirement,  resignation, removal or otherwise of the director so

               designated.  Each director  chosen to fill a vacancy in the Board

               of  Directors  arising from the death,  retirement,  resignation,

               removal of a director  shall be elected to  complete  the term of

               office of the  director who is being  succeeded,  in the event of

               any increase or decrease in the  authorized  number of directors,

               (1)  each  director  then  serving  as  such  shall  nevertheless

               continue  as director of the class of which he or she is a member

               until the  expiration of such  director's  current term or his or

               prior death, retirement, resignation or removal and (2) the newly

               created or eliminated  directorships resulting from such increase

               or decrease shall be apportioned by the Board of Directors  among

               the three  classes of directors so as to ensure that no one class

               has more than one director  more than any other  class,  and each

               director  so elected  shall hold  office for the same term as the

               other members of the class to which the director is assigned.  No

               decrease in the number of directors  constituting the whole Board

               of Directors shall shorten the term of an incumbent director.

 

                    (C) Except as may be provided in a resolution or resolutions

               providing for any class or series of Preferred  Stock pursuant to

               Section 4.3, hereof with respect to any directors  elected by the

               holders of such class or series, any

               director,  or the entire Board of Directors,  may be removed from

               office  at  any  time,  but  only  for  cause  and  only  by  the

               affirmative  vote of the holders of at least two-thirds (66 2/3%)

               of the voting power of all of the shares of capital  stock of the

               corporation  then  entitled to vote  generally in the election of

               directors, voting together as a single class. Notwithstanding the

               preceding sentence, so long as the Shareholders Agreement between

               the Company and the  stockholders  specified  therein  remains in

               effect  and  the  person  who  designated  any  director  nominee

               pursuant to Section 2.1 of the  Shareholders  Agreement  requests

               the removal of the  director so  designated  in  accordance  with

               Section 2.2 of the Shareholders  Agreement,  such director may be

               removed  from  office  at any time with or  without  cause by the

               affirmative  vote of the  holders of at least a  majority  of the

               voting  power  of all of  the  shares  of  capital  stock  of the

               corporation  then  entitled to vote  generally in the election of

               directors.  The  provisions  of  this  subsection  shall  be  the

               exclusive method for the removal of directors.

 

     Notwithstanding  the  foregoing,  whenever  the  holders of any one or more

classes or series of Preferred  Stock issued by the  Corporation  shall have the

right,  voting separately by class or series, to elect directors at an annual or

special  meeting of  stockholders,  the  election,  term of  office,  filling of

vacancies  and other  features  of such  directorships  shall be governed by the

terms of this  Certificate  of  Incorporation  or the  resolution or resolutions

adopted by the Board of  Directors  pursuant  to Section  4.3 hereof  applicable

thereto,  and such  directors  so  elected  shall not be  divided  into  classes

pursuant to this Section 7.1(c) unless expressly provided by such terms.

 

          (iii)  Nomination  of  Directors.  Only  persons who are  selected and

     recommended  by the Board of  Directors  or the  committee  of the Board of

     Directors  designated  to  make  nominations,   or  who  are  nominated  by

     stockholders  in accordance  with the  procedures set forth in this Section

     7.1(c)(iii),  shall be eligible for  election,  or  qualified to serve,  as

     directors,  except as may be  otherwise  provided  in this  Certificate  of

     Incorporation  with respect to the right of holders of  Preferred  Stock of

     the  Corporation  to nominate and elect a specified  number of directors in

     certain circumstances. Nominations of individuals for election to the Board

     of  Directors  of the  Corporation  at any annual  meeting  or any  special

     meeting of stockholders at which directors are to be elected may be made by

     any  stockholder of the  Corporation  (x) who is a stockholder of record on

     the  date  of the  giving  of the  notice  provided  for  in  this  Section

     7.1(c)(iii)  and on the record date for the  determination  of stockholders

     entitled to vote at such meeting and (y) who complies  with the  procedures

     and requirements set forth in Section 7.l(c)(iii)(A) and (B) below.

 

               (A) Nominations by  stockholders  shall be made by written notice

          (a  "Nomination   Notice"),   which  shall  set  forth  the  following

          information:  (i) as to each individual nominated,  (a) the name, date

          of birth,  business address and residence  address of such individual,

          (b) the  business  experience  during  the  past  five  years  of such

          nominee,  including his or her principal  occupations  and  employment

          during such period, the name and principal business of any corporation

          or other  organization  in which such  occupations and employment were

          carried on, and such other  information as to the nature of his or her

          responsibilities,  and  level  of  professional  competence  as may be

          sufficient  to  permit   assessment  of  his  or  her  prior  business

          experience,  (c) whether the nominee is or has ever been at any time a

          director,  officer  or  owner of 5% or more of any  class  of  capital

          stock,   partnership   interests  or  other  equity  interest  of  any

          corporation,  partnership or other entity,  (d) any directorships held

          by such nominee in any company with a class of  securities  registered

          pursuant,  to  Section  12 of the  Exchange  Act,  or  subject  to the

          requirements  of  Section  15(d) of the  Exchange  Act or any  company

          registered as an investment  company under the Investment  Company Act

          of 1940, as amended, (e) whether, in the last five years, such nominee

          has been  convicted in a criminal  proceeding or has been subject to a

          judgment,   order,  finding  or  decree  of  any  federal,   state  or

          governmental  entity,  concerning  any violation of federal,  state or

          other law, or any proceeding in bankruptcy,  which conviction,  order,

          finding,  decree or proceeding may be material to an evaluation of the

          ability or  integrity  of the  nominee  and (f) any other  information

          relating to the person that would be  required  to be  disclosed  in a

          proxy  statement or other  filings  required to be made in  connection

          with  solicitations  of proxies for election of directors  pursuant to

          Section  14 of  the  Exchange  Act,  and  the  rules  and  regulations

          promulgated  thereunder;  and  (ii) as to the  Person  submitting  the

          Nomination  Notice and any Person  acting in concert with such Person,

          (a) the name and  business  address of such  Person,  (b) the name and

          address of such Person as they appear on the Corporation's  books, (c)

          the  class  and  number  of  shares  of  the   Corporation   that  are

          beneficially   owned  by  such  Person,   (d)  a  description  of  all

          arrangements  or  understandings  between  such  stockholder  and each

          proposed  nominee  and any other  person or persons  (including  their

          names)  pursuant  to which  the  nomination(s)  are to be made by such

          stockholder and (e) any other information relating to such stockholder

          that would be required to be disclosed  in a proxy  statement or other

          filings  required  to be  made in  connection  with  solicitations  of

          proxies  for  election  of  directors  pursuant  to  Section 14 of the

          Exchange Act and the rules and regulations promulgated  thereunder.  A

          written consent to being named in a proxy statement as a nominee,  and

          to serve as a director if  elected,  signed by the  nominee,  shall be

          filed with any Nomination Notice.

 

               (B) To be timely,  Nomination  Notices  must be  delivered to the

          Secretary  and  received  at the  principal  executive  offices in the

          Corporation  (1) in the case of an  annual  meeting,  not less than 60

          days  nor  more  than 90 days  prior  to the  anniversary  date of the

          immediately  preceding  annual  meeting  of  stockholders;   provided,

          however,  that in the event  that the  annual  meeting is called for a

          date that is not within 30 days before or after such anniversary date,

          the Nomination Notice by the stockholder in order to be timely must be

          so  received  not later  than the close of  business  on the tenth day

          following  the day on which  such  notice  of the  date of the  annual

          meeting is mailed or such public  disclosure of the date of the annual

          meeting  is  made,  whichever  first  occurs,  or (2) in the case of a

          special  meeting of  stockholders  called for the  purpose of electing

          directors,  not  later  than  the  close of  business  on the 10th day

          following  the day on which notice of the date of the special  meeting

          is mailed or public  disclosure of the date of the special  meeting is

          made, whichever first occurs.

 

               (C) No person shall be eligible for election as a director of the

          Corporation  unless  nominated in accordance  with the  procedures and

          requirements set forth in this Section 7.l(c)(iii). If the chairman of

          the meeting  determines  that a nomination  was not made in accordance

          with the foregoing  procedures and  requirements,  the chairman of the

          meeting shall declare to the meeting that the nomination was defective

          and such defective nomination shall be disregarded.

 

          (iv) Ability of  Stockholders  to Act by Written  Consent.  Any action

     required  or  permitted  to be taken at any  annual or  special  meeting of

     stockholders  may be taken only upon the vote of  stockholders at an annual

     or special  meeting duly noticed and called in accordance with the DGCL and

     the By-Laws of the  Corporation  and may not be taken by written consent of

     stockholders without a meeting, unless the action to be effected by written

     consent  of  stockholders  and the  taking of such  action by such  written

     consent have  expressly  been approved in advance by the Board of Directors

     of the Corporation.  Notwithstanding the preceding sentence, so long as the

     Shareholders  Agreement  remains m  effect,  actions  to  remove  directors

     designated in accordance with Section 2.1 of the Shareholders Agreement may

     be taken by written consent of  stockholders  without a meeting if but only

     if the person who nominated  such  director  pursuant to Section 2.1 of the

     Shareholders  Agreement  votes its  shares of voting  stock in favor of the

     removal of such director pursuant to such written consent.

 

          (v)  Special  Meetings  of  Stockholders.   Special  meetings  of  the

     stockholders of the Corporation may be called, for any purpose or purposes,

     only by (A) the Chairman of the Board of Directors, (B) the Chief Executive

     Officer or (C) the Board of Directors pursuant to a resolution adopted by a

     majority of the members of the Board of Directors  then in office.  Special

     meetings of the  stockholders  of the  Corporation may not be called by any

     other person or persons.  Special meetings may be held at any place, within

     or without the State of Delaware,  as  determined  by the person or persons

     calling such  meeting.  The only  business  that may be conducted at such a

     meeting,  other than procedural matters and matters relating to the conduct

     of the meeting, shall be matters relating to the purpose or purposes stated

     in the notice of meeting.

 

          (vi) Certain Business Combinations.  The Corporation has elected to be

     governed by Section 203 of the DGCL.

 

                                  ARTICLE VIII

                                   AMENDMENTS

 

     Section 8.1 Amendments. The Corporation reserves the right to amend, alter,

change or repeal any provision  contained in this Certificate of  Incorporation,

except as otherwise provided in Section 5.1(d)(iii) or Section 6.1(c) hereof, in

the manner now or hereafter  prescribed  by the DGCL,  and all rights  conferred

upon  stockholders  herein are granted  subject to this  reservation;  provided,

however,  that in  addition to any vote of the holders of any class or series of

capital  stock  of  the  Corporation   required  by  law.  this  Certificate  of

Incorporation  or a  Certificate  of  Designation  with  respect  to a series of

Preferred  Stock,  the affirmative vote of the holders of shares of voting stock

of the  Corporation  representing at least 80% of the voting power of all of the

then outstanding shares of the capital stock of the Corporation entitled to vote

generally in the election of directors, voting together as a single class, shall

be required to (i) reduce or eliminate  the number of  authorized  shares of any

capital stock set forth in Article IV, (ii) amend, repeal or adopt any provision

inconsistent  with  Article V or Article VI which would  diminish  the rights of

Indemnified  Persons  pursuant  to  Article V or the  exculpation  of  directors

pursuant to Article VI of this  Certificate of  Incorporation  or (iii) amend or

repeal or adopt any provision inconsistent with Section 7.1(c) of Article VII or

this Article VIII of this Certificate of Incorporation.

 

                                   ARTICLE IX

                                  SEVERABILITY

 

     Section 9.1 In the event that any of the provisions of this  Certificate of

Incorporation  (including  any  provision  within  a  single  article,  section,

paragraph  or  sentence)  is held by a court  of  competent  jurisdiction  to be

invalid, void or otherwise unenforceable, the remaining provisions are severable

and shall remain enforceable to the full extent permitted by law.

 

     This  Amended  and  Restated  Certificate  of  Incorporation  shall  become

effective upon its filing with the Secretary of State of the State of Delaware.

 

     IN WITNESS WHEREOF,  this Amended and Restated Certificate of Incorporation

of American  Italian Pasta Company is signed on behalf of the Corporation by its

President  and Chief  Executive  Officer and attested by its Secretary as of the

__________ day of October, 1997.

 

                              AMERICAN ITALIAN PASTA COMPANY

 

 

                              By:

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

                              Name:    T. S. Webster

                              Title:   President and Chief Executive Officer

 

 

ATTEST:

 

By: ________________________

Name:  David Watson

Title:   Secretary

 

 

 

 

                           CERTIFICATE OF DESIGNATION

                                       OF

                        SERIES A PARTICIPATING CUMULATIVE

                                 PREFERRED STOCK

 

                                       OF

 

                         AMERICAN ITALIAN PASTA COMPANY

 

                         Pursuant to Section 151 of the

                         General Corporation Law of the

                                State of Delaware

 

     We, Timothy S. Webster,  President and Chief Executive Officer,  and Warren

B. Schmidgall,  Senior  Vice-President and Chief Financial Officer,  of American

Italian Pasta  Company,  a corporation  organized and existing under the General

Corporation  Law of the State of Delaware  ("Delaware  Law"), in accordance with

the provisions thereof, DO HEREBY CERTIFY:

 

     That pursuant to the authority conferred upon the Board of Directors by the

Certificate  of  Incorporation  of the  Corporation,  the Board of  Directors on

December  3,  1998,  adopted  the  following  resolution  creating  a series  of

Preferred  Stock in the  amount  and  having  the  designation,  voting  powers,

preferences and relative,  participating,  optional and other special rights and

qualifications, limitations and restrictions thereof as follows:

 

     SECTION 1.  Designation  and Number of  Shares.  The shares of such  series

shall be designated as "Series A Participating  Cumulative Preferred Stock" (the

"Series A Preferred Stock"),  and the number of shares  constituting such series

shall be 250,000.  Such number of shares of the Series A Preferred  Stock may be

increased or decreased by resolution of the Board of Directors; provided that no

decrease  shall  reduce  the number of shares of Series A  Preferred  Stock to a

number less than the number of shares then outstanding plus the number of shares

issuable upon exercise or conversion  of  outstanding  rights,  options or other

securities issued by the Corporation.

 

     SECTION 2. Dividends and Distributions.

 

          (a) The  holders  of  shares  of  Series A  Preferred  Stock  shall be

     entitled to receive, when, as and if declared by the Board of Directors out

     of funds legally available for the purpose,  quarterly dividends payable on

     March 30,  June 30,  September  30 and  December 31 of each year (each such

     date being  referred to herein as a  "Quarterly  Dividend  Payment  Date"),

     commencing  on the first  Quarterly  Dividend  Payment Date after the first

     issuance of any share or  fraction of a share of Series A Preferred  Stock,

     in an amount per share  (rounded to the nearest  cent) equal to the greater

     of (i) $1.00 and (ii) subject to the provision for  adjustment  hereinafter

     set forth,  100 times the aggregate per share amount of all cash  dividends

     or other  distributions and 100 times the aggregate per share amount of all

     non-cash  dividends  or other  distributions  (other  than  (A) a  dividend

     payable in shares of Class A Convertible  Common Stock, par value $.001 per

     share, and Class B Convertible Non-Voting Common Stock, par value $.001 per

     share,  of the  Corporation  (collectively,  the  "Common  Stock") or (B) a

     subdivision of the outstanding shares of Common Stock (by  reclassification

     or  otherwise)),  declared  on  the  Common  Stock  since  the  immediately

     preceding  Quarterly  Dividend  Payment Date, or, with respect to the first

     Quarterly  Dividend  Payment Date, since the first issuance of any share or

     fraction of a share of Series A Preferred  Stock. If the Corporation  shall

     at any time after December 3, 1998 (the "Rights  Declaration Date") pay any

     dividend  on Common  Stock  payable  in shares of Common  Stock or effect a

     subdivision or combination  of the  outstanding  shares of Common Stock (by

     reclassification or otherwise) into a greater or lesser number of shares of

     Common Stock,  then in each such case the amount to which holders of shares

     of Series A Preferred Stock were entitled  immediately  prior to such event

     under  clause  2(a)(ii)  of the  preceding  sentence  shall be  adjusted by

     multiplying  such amount by a fraction the numerator of which is the number

     of shares of Common Stock outstanding  immediately after such event and the

     denominator  of which is the  number of shares  of Common  Stock  that were

     outstanding immediately prior to such event.

 

          (b) The  Corporation  shall declare a dividend or  distribution on the

     Series A Preferred  Stock as provided in paragraph  2(a) above  immediately

     after it declares a dividend or  distribution  on the Common  Stock  (other

     than as described in clauses 2(a)(ii)(A) and 2(a)(ii)(B)  above);  provided

     that if no dividend or distribution  shall have been declared on the Common

     Stock during the period between any Quarterly Dividend Payment Date and the

     next subsequent  Quarterly  Dividend  Payment Date (or, with respect to the

     first  Quarterly  Dividend  Payment  Date,  the  period  between  the first

     issuance of any share or  fraction  of a share of Series A Preferred  Stock

     and such first  Quarterly  Dividend  Payment Date), a dividend of $1.00 per

     share on the Series A Preferred Stock shall nevertheless be payable on such

     subsequent Quarterly Dividend Payment Date.

 

          (c) Dividends  shall begin to accrue and be cumulative on  outstanding

     shares of Series A Preferred Stock from the Quarterly Dividend Payment Date

     next  preceding  the date of issue of such  shares  of  Series A  Preferred

     Stock,  unless the date of issue of such  shares is on or before the record

     date for the first Quarterly Dividend Payment Date, in which case dividends

     on such  shares  shall begin to accrue and be  cumulative  from the date of

     issue of such  shares,  or  unless  the date of issue is a date  after  the

     record  date  for the  determination  of  holders  of  shares  of  Series A

     Preferred  Stock entitled to receive a quarterly  dividend and on or before

     such Quarterly  Dividend  Payment Date, in which case dividends shall begin

     to accrue and be  cumulative  from such  Quarterly  Dividend  Payment Date.

     Accrued but unpaid  dividends  shall not bear  interest.  Dividends paid on

     shares of Series A Preferred  Stock in an amount less than the total amount

     of such  dividends  at the time accrued and payable on such shares shall be

     allocated pro rata on a  share-by-share  basis among all such shares at the

     time  outstanding.  The Board of  Directors  may fix a record  date for the

     determination  of holders of shares of Series A Preferred Stock entitled to

     receive  payment of a dividend  or  distribution  declared  thereon,  which

     record  date shall not be more than 60 days prior to the date fixed for the

     payment thereof.

 

     SECTION 3. Voting Rights.  In addition to any other voting rights  required

by law,  the  holders  of shares  of Series A  Preferred  Stock  shall  have the

following voting rights:

 

          (a) Subject to the provision  for  adjustment  hereinafter  set forth,

     each share of Series A Preferred  Stock shall entitle the holder thereof to

     100  votes  on all  matters  submitted  to a vote  of  stockholders  of the

     Corporation.  If  the  Corporation  shall  at any  time  after  the  Rights

     Declaration  Date pay any  dividend  on Common  Stock  payable in shares of

     Common Stock or effect a  subdivision  or  combination  of the  outstanding

     shares of Common Stock (by reclassification or otherwise) into a greater or

     lesser number of shares of Common Stock,  then in each such case the number

     of votes per share to which  holders of shares of Series A Preferred  Stock

     were  entitled  immediately  prior  to such  event  shall  be  adjusted  by

     multiplying  such number by a fraction the numerator of which is the number

     of shares of Common Stock outstanding  immediately after such event and the

     denominator  of which is the  number of shares  of Common  Stock  that were

     outstanding immediately prior to such event.

 

          (b) Except as  otherwise  provided  herein or by law,  the  holders of

     shares of Series A  Preferred  Stock  and the  holders  of shares of Common

     Stock shall vote  together as a single class on all matters  submitted to a

     vote of stockholders of the Corporation.

 

          (c) (i) If at any time dividends on any Series A Preferred Stock shall

     be in arrears in an amount equal to six quarterly  dividends  thereon,  the

     occurrence of such contingency shall mark the beginning of a period (herein

     called a "default  period")  which  shall  extend  until such time when all

     accrued and unpaid  dividends for all previous  quarterly  dividend periods

     and for the  current  quarterly  dividend  period on all shares of Series A

     Preferred Stock then  outstanding  shall have been declared and paid or set

     apart for  payment.  During each default  period,  all holders of Preferred

     Stock and any other series of Preferred  Stock then  entitled as a class to

     elect directors, voting together as a single class, irrespective of series,

     shall have the right to elect two Directors.

 

               (ii) During any default period,  such voting right of the holders

          of Series A Preferred  Stock may be  exercised  initially at a special

          meeting called  pursuant to  subparagraph  3(c)(iii)  hereof or at any

          annual meeting of  stockholders,  and thereafter at annual meetings of

          stockholders; provided that neither such voting right nor the right of

          the  holders  of any  other  series of  Preferred  Stock,  if any,  to

          increase,  in certain cases, the authorized  number of Directors shall

          be  exercised  unless  the  holders  of 10% in  number  of  shares  of

          Preferred  Stock  outstanding  shall be present in person or by proxy.

          The  absence of a quorum of holders of Common  stock  shall not affect

          the exercise by holders of Preferred  Stock of such voting  right.  At

          any meeting at which  holders of Preferred  Stock shall  exercise such

          voting right initially during an existing  default period,  they shall

          have the right,  voting as a class,  to elect  Directors  to fill such

          vacancies,  if any, in the Board of  Directors as may then exist up to

          two Directors or, if such right is exercised at an annual meeting,  to

          elect two  Directors.  If the  number  which may be so  elected at any

          special meeting does not amount to the required number, the holders of

          the Preferred  Stock shall have the right to make such increase in the

          number of  Directors  as shall be  necessary to permit the

          election  by them of the  required  number.  After the  holders of the

          Preferred Stock shall have exercised their right to elect Directors in

          any default  period and during the  continuance  of such  period,  the

          number of Directors shall not be increased or decreased except by vote

          of the holders of  Preferred  Stock as herein  provided or pursuant to

          the rights of any equity  securities  ranking  senior to or pari passu

          with the Series A Preferred Stock.

 

               (iii)  Unless the holders of  Preferred  Stock  shall,  during an

          existing  default  period,  have  previously  exercised their right to

          elect Directors,  the Board of Directors may order, or any stockholder

          or stockholders owning in the aggregate not less than 10% of the total

          number of shares  of  Preferred  Stock  outstanding,  irrespective  of

          series,  may request,  the calling of a special  meeting of holders of

          Preferred  Stock,  which  meeting  shall  thereupon  be  called by the

          President,  a Vice  President  or the  Secretary  of the  Corporation.

          Notice of such meeting and of any annual  meeting at which  holders of

          Preferred  Stock  are  entitled  to vote  pursuant  to this  paragraph

          3(c)(iii)  shall be given to each holder of record of Preferred  Stock

          by  mailing a copy of such  notice to him at his last  address  as the

          same appears on the books of the  Corporation.  Such meeting  shall be

          called for a time not earlier  than 20 days and not later than 60 days

          after such  order or  request  or in  default  of the  calling of such

          meeting  within 60 days after such order or request,  such meeting may

          be called on similar notice by any stockholder or stockholders  owning

          in the  aggregate  not less than 10% of the total  number of shares of

          Preferred Stock outstanding,  irrespective of series.  Notwithstanding

          the provisions of this paragraph  3(c)(iii),  no such special  meeting

          shall be called during the period within 60 days immediately preceding

          the date fixed for the next annual meeting of stockholders.

 

               (iv) In any  default  period,  the holders of Common  Stock,  and

          other  classes  of  stock  of the  Corporation  if  applicable,  shall

          continue to be entitled to elect the whole number of  Directors  until

          the holders of  Preferred  Stock shall have  exercised  their right to

          elect two  Directors  voting as a class,  after the  exercise of which

          right (x) the  Directors so elected by the holders of Preferred  Stock

          shall  continue  in office  until  their  successors  shall  have been

          elected by such holders or until the expiration of the default period,

          and (y) any vacancy in the Board of Directors  may (except as provided

          in paragraph  3(c)(ii)  hereof) be filled by vote of a majority of the

          remaining Directors theretofore elected by the holders of the class of

          stock  which  elected  the  Director  whose  office  shall have become

          vacant.  References in this paragraph 3(c) to Directors elected by the

          holders of a particular class of stock shall include Directors elected

          by such  Directors to fill  vacancies as provided in clause (y) of the

          foregoing sentence.

 

               (v) Immediately upon the expiration of a default period,  (x) the

          right of the holders of Preferred  Stock as a class to elect Directors

          shall cease,  (y) the term of any Directors  elected by the holders of

          Preferred  Stock as a class  shall  terminate,  and (z) the  number of

          Directors  shall  be  such  number  as  may  be  provided  for  in the

          certificate of  incorporation  or bylaws  irrespective of any increase

          made  pursuant to the  provisions of paragraph  3(c)(ii)  hereof (such

          number being  subject,  however,  to change  thereafter  in any manner

          provided by law or in the certificate of incorporation or bylaws). Any

          vacancies  in the Board of  Directors  effected by the  provisions  of

          clauses  (y) and (z) in the  preceding  sentence  may be  filled  by a

          majority of the remaining Directors.

 

          (d) The Certificate of Incorporation  of the Corporation  shall not be

     amended in any manner  (whether by merger or  otherwise) so as to adversely

     affect the powers,  preferences or special rights of the Series A Preferred

     Stock  without  the  affirmative  vote of the  holders of a majority of the

     outstanding  shares of Series A Preferred  Stock,  voting  separately  as a

     class.

 

          (e) Except as otherwise provided herein, holders of Series A Preferred

     Stock shall have no special voting  rights,  and their consent shall not be

     required for taking any corporate action.

 

     SECTION 4. Certain Restrictions.

 

          (a) Whenever  quarterly  dividends or other dividends or distributions

     payable on the Series A  Preferred  Stock as  provided  in Section 2 are in

     arrears,  thereafter  and  until  all  accrued  and  unpaid  dividends  and

     distributions,  whether or not declared,  on outstanding shares of Series A

     Preferred Stock shall have been paid in full, the Corporation shall not:

 

               (i) declare or pay dividends on, or make any other  distributions

          on, any shares of stock ranking junior (either as to dividends or upon

          liquidation,  dissolution  or winding  up) to the  Series A  Preferred

          Stock;

 

               (ii) declare or pay dividends on, or make any other distributions

          on, any shares of stock ranking on a parity (either as to dividends or

          upon  liquidation,  dissolution  or  winding  up)  with  the  Series A

          Preferred  Stock,  except  dividends  paid  ratably  on the  Series  A

          Preferred Stock and all such other parity stock on which dividends are

          payable or in arrears in  proportion to the total amounts to which the

          holders of all such shares are then entitled;

 

               (iii) redeem,  purchase or otherwise acquire for value any shares

          of stock ranking junior  (either as to dividends or upon  liquidation,

          dissolution or winding up) to the Series A Preferred  Stock;  provided

          that the  Corporation  may at any time  redeem,  purchase or otherwise

          acquire  shares of any such  junior  stock in  exchange  for shares of

          stock of the  Corporation  ranking  junior (as to  dividends  and upon

          dissolution,  liquidation  or winding  up) to the  Series A  Preferred

          Stock; or

 

               (iv) redeem,  purchase or otherwise  acquire for value any shares

          of Series A  Preferred  Stock,  or any  shares of stock  ranking  on a

          parity  (either as to dividends or upon  liquidation,  dissolution  or

          winding up) with the Series A Preferred  Stock,  except in  accordance

          with a purchase offer made in writing or by publication (as determined

          by the Board of Directors) to all holders of Series A Preferred  Stock

          and all such  other  parity  stock  upon  such  terms as the  Board of

          Directors, after consideration of the respective annual dividend rates

          and other relative rights and preferences of the respective series and

          classes,  shall  determine  in good  faith  will  result  in fair  and

          equitable treatment among the respective series or classes.

 

          (b) The Corporation shall not permit any subsidiary of the Corporation

     to  purchase  or  otherwise  acquire  for value any  shares of stock of the

     Corporation unless the Corporation could, under paragraph 4(a), purchase or

     otherwise acquire such shares at such time and in such manner.

 

     SECTION  5.  Reacquired  Shares.  Any  shares of Series A  Preferred  Stock

redeemed,  purchased  or  otherwise  acquired by the  Corporation  in any manner

whatsoever  shall be  retired  and  cancelled  promptly  after  the  acquisition

thereof.  All such shares shall upon their  cancellation  become  authorized but

unissued shares of Preferred  Stock without  designation as to series and may be

reissued as part of a new series of Preferred  Stock to be created by resolution

or  resolutions  of the Board of Directors as  permitted by the  Certificate  of

Incorporation or as otherwise permitted under Delaware Law.

 

     SECTION 6.  Liquidation,  Dissolution and Winding Up. Upon any liquidation,

dissolution or winding up of the Corporation,  no distribution shall be made (1)

to the holders of shares of stock ranking junior (either as to dividends or upon

liquidation,  dissolution or winding up) to the Series A Preferred Stock unless,

prior  thereto,  the  holders of shares of Series A  Preferred  Stock shall have

received $1.00 per share,  plus an amount equal to accrued and unpaid  dividends

and distributions thereon, whether or not declared, to the date of such payment;

provided  that the  holders  of  shares  of Series A  Preferred  Stock  shall be

entitled to receive an aggregate amount per share,  subject to the provision for

adjustment  hereinafter set forth, equal to 100 times the aggregate amount to be

distributed per share to holders of Common Stock, or (2) to the holders of stock

ranking on a parity (either as to dividends or upon liquidation,  dissolution or

winding up) with the Series A Preferred Stock, except distributions made ratably

on the Series A Preferred Stock and all such other parity stock in proportion to

the total amounts to which the holders of all such shares are entitled upon such

liquidation,  dissolution  or winding up. If the  Corporation  shall at any time

after the Rights  Declaration  Date pay any dividend on Common Stock  payable in

shares of Common Stock or effect a subdivision or combination of the outstanding

shares of Common  Stock (by  reclassification  or  otherwise)  into a greater or

lesser  number of shares of Common  Stock,  then in each such case the aggregate

amount to which  holders of shares of Series A  Preferred  Stock  were  entitled

immediately prior to such event under the proviso in clause (1) of the preceding

sentence  shall be  adjusted  by  multiplying  such  amount  by a  fraction  the

numerator  of  which  is the  number  of  shares  of  Common  Stock  outstanding

immediately  after  such  event and the  denominator  of which is the  number of

shares of Common Stock that were outstanding immediately prior to such event.

 

     SECTION 7. Consolidation,  Merger, Etc. If the Corporation shall enter into

any consolidation,  merger, combination or other transaction in which the shares

of Common Stock are  exchanged  for or changed  into other stock or  securities,

cash or any  other  property,  then in any such  case  the  shares  of  Series A

Preferred  Stock shall at the same time be  similarly  exchanged  for or changed

into an amount per share,  subject to the provision for  adjustment  hereinafter

set forth, equal to 100 times the aggregate amount of stock, securities, cash or

any other property, as the case may be, into which or for which each share of Common

Stock is changed or exchanged.  If the  Corporation  shall at any time after the

Rights  Declaration  Date pay any dividend on Common Stock  payable in shares of

Common Stock or effect a subdivision or combination of the outstanding shares of

Common Stock (by  reclassification or otherwise) into a greater or lesser number

of shares of Common  Stock,  then in each such case the  amount set forth in the

preceding  sentence with respect to the exchange or change of shares of Series A

Preferred  Stock shall be adjusted by multiplying  such amount by a fraction the

numerator  of  which  is the  number  of  shares  of  Common  Stock  outstanding

immediately  after  such  event and the  denominator  of which is the  number of

shares of Common Stock that were outstanding immediately prior to such event.

 

     SECTION  8. No  Redemption.  The  Series A  Preferred  Stock  shall  not be

redeemable.

 

     SECTION 9. Rank.  The Series A  Preferred  Stock  shall rank  junior (as to

dividends and upon liquidation,  dissolution and winding up) to all other series

of the  Corporation's  preferred  stock  except  any  series  that  specifically

provides that such series shall rank junior to the Series A Preferred Stock.

 

     SECTION 10.  Fractional  Shares.  Series A Preferred Stock may be issued in

fractions  of a share which shall  entitle the  holder,  in  proportion  to such

holder's  fractional  shares,  to exercise  voting  rights,  receive  dividends,

participate  in  distributions  and to have the  benefit of all other  rights of

holders of Series A Preferred Stock.

 

     IN WITNESS  WHEREOF,  we have executed and subscribed this Certificate this

____ day of December, 1998.

 

 

                               _________________________________________________

                               Name:

                               Title:

 

 

 

                               _________________________________________________

                               Name:

                               Title: