<PAGE>

                                                                     Exhibit 4.2


          Secured Promissory Note dated September 14, 200 by Interfoods of
          America, Inc. and Sailormen, Inc. in favor of American Commercial
          Capital LLC.


                           SECURED PROMISSORY NOTE
                          (Fixed Rate / Defeasance)

THIS SECURED PROMISSORY NOTE ("Note") is made in connection with the Security
Agreement, dated as of the date hereof ("Security Agreement"), by and between
undersigned as the Debtor and AMERICAN COMMERCIAL CAPITAL LLC, a Delaware
limited liability company, as secured party ("Secured Party"). All terms used
herein and not otherwise defined herein shall have the meaning accorded to such
terms in the table set forth below and in the Security Agreement. This Note is
entitled to the benefits of and is secured by the Liens granted under the
Security Agreement, and the other Loan Documents.

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
Date of Note:                                   Dated effective as of September 14, 2000
-------------------------------------------------------------------------------------------------------------------
<S>                                             <C>
Debtor:                                         Sailormen, Inc., a Florida corporation and Interfoods of
                                                America, Inc., a Nevada corporation
-------------------------------------------------------------------------------------------------------------------
Brand:                                          Popeyes
-------------------------------------------------------------------------------------------------------------------
Brand Owner:                                    AFC Enterprises, Inc.
-------------------------------------------------------------------------------------------------------------------
Loan No.:                                       00 0891 ;Pod No.: 001
-------------------------------------------------------------------------------------------------------------------
Loan Type (fee or leasehold):                   See Exhibit A
-------------------------------------------------------------------------------------------------------------------
Unit Nos.:                                      See Exhibit A
-------------------------------------------------------------------------------------------------------------------
Unit Addresses:                                 See Exhibit A
-------------------------------------------------------------------------------------------------------------------
Principal Amount:                               $19,568,000.00
-------------------------------------------------------------------------------------------------------------------
Payment Date:                                   I st of each month (the first such payment commencing
                                                November 1, 2000)
-------------------------------------------------------------------------------------------------------------------
Interest Rate:                                  10. 15% per annum
-------------------------------------------------------------------------------------------------------------------
Default Rate:                                   Interest Rate plus 300 basis points
-------------------------------------------------------------------------------------------------------------------
Monthly Payment:                                $205,642.67
-------------------------------------------------------------------------------------------------------------------
Call Protection:                                Defeasance
-------------------------------------------------------------------------------------------------------------------
Call Protection Date:                           Scheduled Maturity Date
-------------------------------------------------------------------------------------------------------------------
Prepayment Premium Amount:                      See Schedule I (Defeasance)
-------------------------------------------------------------------------------------------------------------------
Scheduled Period of Amortization                194 months
(months):
-------------------------------------------------------------------------------------------------------------------
Scheduled Maturity Date:                        December 1, 2016
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                  Debtors' Initial's
                                                           (Sailormen, Inc.)

                                                  (Interfoods of' America, Inc.)
<PAGE>

     1. Payments of Principal: Debtor hereby promises to pay to the order of
        ---------------------
Secured Party the Principal Amount outstanding under this Note in scheduled
installments included in Monthly Payments on each Payment Date through the
Scheduled Maturity Date unless earlier paid in a prepayment in accordance with
paragraph 5 or an acceleration in accordance with paragraph 6. The Principal
Amount outstanding on the Maturity Date, together with any and all accrued and
unpaid interest, charges, fees and expenses, shall be due and payable on the
Maturity Date.

     2. Interest: Interest will accrue and be charged on the Principal Amount
        --------
outstanding, from time to time, at the Interest Rate, and upon and during the
continuation of an Event of Default, at the Default Rate. Debtor promises to pay
interest to the order of Secured Party in arrears in Monthly Payments on each
Payment Date. All calculations of interest shall be computed, based on a 360-day
year consisting of twelve 30-day months, but paid for the actual number of days
elapsed with respect to any partial month. In no event shall Debtor's interest
payment obligations or the amounts of interest payable, contracted for, charged
or received under or in connection with this Note exceed the limitations set
forth in paragraph 8 below.

     3. Form, Place and Timing of Payments: Debtor agrees to make all payments
        ----------------------------------
under this Note to the order of Secured Party in lawful money of the United
States of America and in immediately available funds, at such place or places in
the Continental United States and by such method or methods (wire transfer or
bank account debit) as Secured Party may request. Whenever a payment to be made
under this Note becomes due and payable on a Non-Business Day, such payment
shall be made on the next succeeding Business Day.

     4. Late Payment Charge: If Secured Party has not received on any date on
        -------------------
which any payment is due (whether by acceleration or otherwise) the full amount
due on such date, in addition to any other amounts payable hereunder, Debtor
shall pay to the Secured Party, promptly on demand, a late payment charge ("Late
Payment Charge") in an amount equal to the product of (x) the difference between
(1) the amount due on any such due date and (2) the amount actually received on
such due date multiplied by (y) .05.
              -------------

     5. Prepayment: Debtor agrees not to prepay this Note (and this Note is not
        ----------
prepayable by Debtor) prior to the Call Protection Date. Prior to the Call
Protection Date, this Note is subject to Defeasance in accordance with SCHEDULE
I hereto and made a part hereof After the Call Protection Date, Debtor may
prepay the Note in full but not in part on any Payment Date. Debtor understands
that any prepayment shall require, in addition to payment of all amounts
outstanding hereunder on the date thereof, payment of a Prepayment Premium
Amount. Debtor understands and agrees that the right to prepay is subject to
payment of the Prepayment Premium Amount, that Debtor has no right to prepay
this Note without payment of the Prepayment Premium Amount and that such
Prepayment Premium Amount payment requirement applies to all prepayments,
voluntary or otherwise. In the event that Debtor elects to prepay this Note,
Debtor will notify Secured Party in writing of Debtor's election to prepay this
Note in full on a Payment Date specified in such notice (the "Prepayment Date")
for prepayment (which shall be not less than 15 days nor more than 90 days from
the date of the notice). Secured Party will notify Debtor within 10 days of its
receipt of such notice from Debtor of the scheduled amount of accrued and unpaid
interest through the Prepayment Date, the outstanding Principal Amount on such
Prepayment Date, and the applicable Prepayment Premium Amount (collectively, the
"Prepayment Amount") and Debtor shall pay such Prepayment Amount in accordance
with Secured Party's instructions by 1:00 P.M. (New York City time) on such
Prepayment Date.

                                      -2-
<PAGE>

     6. Acceleration; Expenses: If an Event of Default occurs, Secured Party may
        ----------------------
declare this Note to be immediately due and payable and Secured Party may pursue
it remedies against Debtor and the personal and real property and leasehold
estate interests of Debtor that secure Debtor's Obligations. If an Event of
Default described in Section 6.3 of the Security Agreement occurs, this Note
shall be immediately due and payable without presentment, demand, protest or
notice of any kind. If this Note becomes due and payable on any date prior to
the Call Protection Date (such date an "Acceleration Date"), Debtor hereby
agrees to pay to the order of Secured Party on the Acceleration Date an amount
equal to the full Prepayment Amount, including, without limitation, accrued and
unpaid interest and the Prepayment Premium Amount which would be due and payable
on the Payment Date immediately following the Acceleration Date if the Note were
prepaid in full on such Payment Date, together with all accrued and unpaid Late
Payment Charges. Debtor agrees that upon the occurrence of an Event of Default,
Debtor will pay all reasonable costs and expenses of collection and enforcement
of the remedies provided hereunder and the other Loan Documents (including,
without limitation, statutory costs, reasonable and actual attorneys' fees and
disbursements, whether or not a suit and/or foreclosure is commenced, and the
cost of title evidence), which amounts (and all other amounts which are due and
payable by Debtor) shall be added to the Principal Amount of this Note and will
bear interest at the Default Rate.

     7. WAIVERS AND SPECIAL AGREEMENTS:
        ------------------------------

DEBTOR HEREBY MAKES AND ACKNOWLEDGES THAT IT MAKES ALL OF THE WAIVERS AND
SPECIAL AGREEMENTS ("WAIVERS") SET FORTH IN THIS NOTE KNOWINGLY, INTENTIONALLY,
VOLUNTARILY, WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE
RAMIFICATIONS OF SUCH WAIVERS WITH ITS ATTORNEY; DEBTOR FURTHER ACKNOWLEDGES
THAT DEBTOR UNDERSTANDS THE RIGHTS BEING WAIVED AND THAT THE WAIVERS ARE A
MATERIAL INDUCEMENT TO SECURED PARTY TO MAKE THE LOAN TO DEBTOR; THAT THE TERMS
OF THE LOAN ARE FAVORABLE TO DEBTOR AND THAT SECURED PARTY WOULD NOT HAVE MADE
THE LOAN ON SUCH TERMS WITHOUT SUCH WAIVERS.

          (a) Debtor and any and all obligors, sureties, guarantors and
endorsers of this Note (other than Secured Party) and all other parties now or
hereafter liable hereon jointly and severally ("Obligors") (i) acknowledge that
the transaction of which this Note is a part is part of a commercial
transaction, (ii) with respect to this Note waive any and all (from time to
time) (1) rights to notice and hearing under any state or federal law with
respect to any prejudgment remedy which the Secured Party may desire to use,
from time to time, and (2) grace, diligence, demand, presentment for payment,
protest, notice of any kind (including notice to sureties, disclosure of facts
which materially increase risks, notice of protest, acceptance, liability, suit,
demand, action, dishonor, payment or nonpayment, protest, intention to
accelerate or acceleration, extension or renewal), surety defenses of any kind
(including defenses relating to impairment of recourse, release or modification
of) underlying obligation, extension of time, impairment of collateral,
nondisclosure), rights of appraisal of any security or collateral for any
obligation or guaranteed obligation and diligence in collecting and bringing
suit against any party; (iii) agree (1) to all extensions of any obligation or
guaranteed obligations (including rescheduling and recalculation of
amortization), in whole or in part, from time to time, or any partial payments,
with or without notice, before or after maturity, (2) to any one or more
substitutions, exchanges or releases of any or all security, now or hereafter
given for any obligation, (3) to any and all releases, from time to time, of any
and all parties primarily, secondarily or otherwise liable for any obligation or
guaranteed obligation, (4) that it is not (and at no time will be) necessary for
Secured Party, or any other holder, transferee, obligee or beneficiary of any
note or obligation or guaranteed obligation (or any interest therein)
("Obligee"), in order to enforce such note or obligation, to first institute or
exhaust such Person's remedies against any debtor or other Person or against any
collateral or other security for such note or obligation, and (5) that any delay
in exercising, failure to exercise, or non-exercise (or partial exercise), from
time to time, by Secured Party or any Obligee of any obligation or guaranteed
obligation of any rights or remedies (or to insist upon strict performance) in
any one or more instances shall not constitute a waiver thereof (or preclude
full exercise or insistence upon strict performance thereof) in that or any
other instance, and any single exercise of any such Person's right or remedies
in any one or more instances shall not preclude full exercise in any

                                      -3-
<PAGE>

other instance; and (iv) subordinates to payment of all Obligations and agrees
not to assert while any Obligations remain outstanding any right of set off and
any claim (as defined in II U.S.C. Section 101), including, without limitation,
any claim of subrogation, reimbursement, exoneration, contribution or
indemnification that Debtor or any other Obligor may now or hereafter have
against Debtor or any other Obligor or any security held by or available to
Secured Party.

      (b)  WAIVER OF TRIAL BY JURY, APPRAISAL RIGHT, CLAIM AND DEFENSES:

(1)   TO THE MAXIMUM EXTENT PERMITTED BY LAW, DEBTOR AND SECURED PARTY HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION
WITH TIUS NOTE AND THE OTHER LOAN DOCUMENTS, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTION OF EITHER PARTY OR ANY
EXERCISE BY ANY PARTY OF THEIR RESPECTIVE RIGHTS HEREUNDER OR IN ANY WAY
RELATING TO THE LOAN OR THE PROPERTY (INCLUDING ANY ACTION TO RESCIND OR CANCEL
THIS NOTE, AND ANY CLAIM OR DEFENSE ASSERTING THAT THIS NOTE WAS FRAUDULENTLY
INDUCED OR IS OTHERWISE VOID OR VOIDABLE). THIS WAIVER IS A MATERIAL INDUCEMENT
FOR SECURED PARTY TO MAKE THE LOAN. DEBTOR AND EACH OBLIGOR HEREBY FURTHER
WAIVES ANY AND ALL RIGHTS DEBTOR OR ANY OBLIGOR MAY NOW OR HEREAFTER HAVE TO AN
APPRAISAL OF ANY SECURITY OR COLLATERAL FOR DEBTOR'S OBLIGATIONS HEREUNDER.

(2) DEBTOR AND EACH OBLIGOR HEREBY IRREVOCABLY WAIVE AND AGREE NOT TO ASSERT ANY
RIGHT OF SETOFF AND ANY CLAIM (AS DEFINED IN 11 U.S.C. SECTION 101) THAT DEBTOR
OR ANY OBLIGOR MAY NOW OR HEREAFTER MAY HAVE AGAINST SECURED PARTY, ITS
AFFILIATES, MEMBERS, STOCKHOLDERS, DEBT HOLDERS, MANAGERS, OFFICERS, DIRECTORS,
EMPLOYEES, AGENTS AND REPRESENTATIVES.

(3) DEBTOR AND EACH OBLIGOR HEREBY SPECIFICALLY AGREE THAT SUCHPERSON SHALL NOT
BE RELEASED FROM LIABILITY UNDER THIS NOTE BY ANY ACTION TAKEN OR OMITTED TO BE
TAKEN BY ANY OTHER PERSON, INCLUDING WITHOUT LIMITATION, A NONJUDICIAL SALE OF
COLLATERAL UNDER ANY SECURITY AGREEMENT, MORTGAGE OR DEED OF TRUST THAT WOULD
AFFORD DEBTOR OR OBLIGOR A DEFENSE BASED UPON THE LAWS (INCLUDING THE ANTI
DEFICIENCY LAWS) OF ANY STATE.

(4) DEBTOR AND EACH OBLIGOR REPRESENT AND WARRANT THAT THIS NOTE, AND THE OTHER
LOAN DOCUMENTS ARE IN FULL FORCE AND EFFECT AND ARE NOT SUBJECT TO ANY VALID
RIGHT OF RESCISSION, SETOFF, ABATEMENT, DIMINUTION, COUNTERCLAIM OR DEFENSE AS
AGAINST SECURED PARTY, INCLUDING THE DEFENSE OF USURY, THAT THE OPERATION OF ANY
OF THE TERMS OF THE LOAN, OR THE EXERCISE OF ANY RIGHT THEREUNDER, WILL NOT
RENDER THE LOAN UNENFORCEABLE, IN WHOLE OR IN PART, OR SUBJECT TO ANY RIGHT OF
RESCISSION, SETOFF, ABATEMENT, DIMINUTION, COUNTERCLAIM OR DEFENSE, INCLUDING
THE DEFENSE OF USURY, AND THAT SECURED PARTY HAS NOT TAKEN ANY ACTION V~`HICH
WOULD GIVE RISE TO THE ASSERTION OF ANY OF THE FOREGOING AND NO SUCH RIGHT OF
RESCISSION, SETOFF, ABATEMENT, DIMINUTION, COUNTERCLAIM OR DEFENSE, INCLUDING
THE DEFENSE OF USURY, HAS BEEN ASSERTED WITH RESPECT THERETO.

(5) THE PROVISIONS OF THIS PARAGRAPH 7 ARE FOR THE BENEFIT OF SECURED PARTY, ITS
AFFILIATES, MEMBERS, STOCKHOLDERS, DEBT HOLDERS, MANAGERS, OFFICERS, DIRECTORS,
EMPLOYEES, AGENTS AND REPRESENTATIVES AND MAY BE SPECIFICALLY AND SEPARATELY
ENFORCED BY EACH SUCH PERSON, AND SHALL SURVIVE INDEFINITELY.

                                      -4-
<PAGE>

    8.   LIMITATION OF INTEREST: NOTWITHSTANDING ANY OTHER PROVISION HEREOF, IN
         ----------------------
NO EVENT SHALL THE AMOUNT OR RATE OF INTEREST (INCLUDING TO THE EXTENT
APPLICABLE ANY DEFAULT RATE INTEREST OR LATE PAYMENT CHARGE) PAYABLE, CONTRACTED
FOR, CHARGED OR RECEIVED UNDER OR IN CONNECTION WITH THIS NOTE, FROM TIME TO
TIME OR FOR WHATEVER REASON, EXCEED TBE MAXIMUM RATE OR AMOUNT, IF ANY,
SPECIFIED BY APPLICABLE LAW. If from any circumstance whatsoever, fulfillment of
any provision hereof or of such other Loan Documents or other documents or
obligations at the time performance of such provision shall be due, shall
involve transcending the limit of validity prescribed by applicable Law, then,
ipso facto, the obligation to be fulfilled shall be reduced to the limit of such
----------
validity, and if from any such circumstance Secured Party shall ever receive an
amount deemed interest by applicable Law which shall exceed the highest lawful
rate, such amount which would be excessive interest shall be applied to the
reduction of the Principal Amount owing hereunder or on account of any other
principal indebtedness of the Debtor to Secured Party, and not to payment of
interest, or if such excessive interest exceeds the unpaid balance of Principal
Amount and such other indebtedness, or if Secured Party is prohibited by
applicable Law from applying such excessive interest to the reduction of
Principal Amount or on account of any other indebtedness, the excess shall be
refunded to Debtor. All sums paid or agreed to be paid by the Debtor for the
use, forbearance or detention of the indebtedness of the Debtor to Secured Party
shall, to the extent permitted by applicable Law, be amortized, prorated,
allocated and spread throughout the fall term of such indebtedness until payment
in fall so that the actual rate of interest on account of such indebtedness is
uniform though the term hereof. The terms and provisions of this paragraph shall
control and supersede every other provision of all agreements between the Debtor
and Secured Party and all obligations of Debtor to Secured Party.

     9.  Application; Calculations of Amounts Due: Timely payments of Monthly
         ----------------------------------------
Payment (other than Prepayment Amount) shall be applied first to accrued and
unpaid interest, then to the outstanding Principal Amount of this Note. Payments
other than timely payments of Monthly Payment shall be applied in accordance
with Section 7 of the Security Agreement. All calculations and applications of
amounts due on any date, whether by acceleration or otherwise, will be made by
Secured Party (or its agent or representative) and Debtor agrees that all such
calculations and applications will be conclusive and binding absent manifest
error.

     10. Miscellaneous:
         -------------

         (a) Assignability, Modifications, Enforceability. This Note is freely
             --------------------------------------------
assignable in whole or in part, from time to time, by Secured Party and Secured
Party may grant participation interests herein, in each case without notice to
or consent of Debtor and without incurring any responsibility to Debtor. This
Note and the rights and obligations under this Note are not assignable or
delegable, directly or indirectly, in whole or in part, by Debtor, except as
provided in and then only in accordance with the Security Agreement. This Note
shall be binding upon Debtor, its successors and, without limiting the preceding
two sentences, assigns. This Note may not be modified, amended, waived,
extended, changed, discharged, terminated or canceled, in whole or in part,
orally or by any act or failure to act on the part of Debtor or Secured Party,
but only by an agreement in writing signed by the Secured Party. For all
payments to be made and obligations to be performed under this Note, Debtor
agrees to perform strictly in accordance with the terms of this Note and time is
of the essence. Whenever possible, this Note and each provision hereof, shall be
interpreted in such manner as to be effective, valid and enforceable under
applicable Law. If and to the extent that any such provision shall be held
invalid and unenforceable by any court of competent jurisdiction, such holding
shall not invalidate or render unenforceable any other provisions hereof, and
any determination that the

                                      -5-
<PAGE>

application of any provision hereof to any Person or under any circumstance is
illegal and unenforceable shall not affect the legality, validity and
enforceability of such provision as it may be applied to any other Person or in
any other circumstance. All rights and remedies provided in this Note, the
Security Agreement, any Loan Document or any Law shall be available to Secured
Party and shall be cumulative.

          (c) Joint and Several Liability. The parties hereto are jointly and
              ---------------------------
     severally liable for the obligations hereunder.

          (d) Governing Law.
              -------------

          (i) DEBTOR AND SECURED PARTY REPRESENT, WARRANT, AND ACKNOWLEDGE TO
EACH OTHER THAT THIS NOTE AND THE OTHER LOAN DOCUMENTS BEAR A REASONABLE
RELATIONSHIP TO THE STATE OF NEW YORK. THIS NOTE SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND
THE APPLICABLE LAWS OF THE UNITED STATES.

          (ii) DEBTOR AND SECURED PARTY HERETO CONSENT, UNCONDITIONALLY AND
IRREVOCABLY, TO THE NONEXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS OF
THE STATE OF NEW YORK WITH RESPECT TO ANY PROCEEDING RELATING TO ANY MATTER,
CLAIM OR DISPUTE ARISING UNDER THIS NOTE, THE OTHER LOAN DOCUMENTS OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OTHER THAN PURSUIT OF A JUDGMENT ON
THE NOTE WHERE SUIT IS ALSO BROUGHT IN THE STATE WHERE THE MORTGAGED PROPERTY IS
LOCATED TO TAKE JURISDICTION OF THE MORTGAGED PROPERTY. DEBTOR FURTHER CONSENTS,
GENERALLY, UNCONDITIONALLY AND IRREVOCABLY, TO THE NONEXCLUSIVE JURISDICTION OF
THE STATE AND FEDERAL COURTS OF THE STATE WHERE THE MORTGAGED PROPERTY IS
LOCATED IN RESPECT OF ANY PROCEEDING RELATING TO ANY MATTER, CLAIM OR DISPUTE
ARISING WITH RESPECT TO THE MORTGAGED PROPERTY INCLUDING BUT NOT LIMITED TO
FORECLOSURES. DEBTOR FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS,
GENERALLY, UNCONDITIONALLY AND IRREVOCABLY, AT THE ADDRESSES SET FORTH HEREIN I
CONNECTION WITH ANY OF THE AFORESAID PROCEEDINGS IN ACCORDANCE WITH THE RULES
APPLICABLE TO SUCH PROCEEDINGS. TO THE EXTENT PERMITTED BY APPLICABLE LAW,
DEBTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW HAVE OR HAVE IN
THE FUTURE TO THE LAYING OF VENUE IN RESPECT OF ANY OF THE AFORESAID PROCEEDINGS
BROUGHT IN THE COURTS REFERRED TO ABOVE AND AGREES NOT TO PLEAD OR CLAIM IN ANY
SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM. NOTHING HEREIN SHALL AFFECT THE RIGHT OF
SECURED PARTY TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW OR TO COMMENCE
PROCEEDINGS OR OTHERWISE PROCEED AGAINST DEBTOR IN ANY JURISDICTION. To the
extent that the Debtor has or may hereafter acquire any immunity from the
jurisdiction of any court or from any legal process (whether through service or
notice, attachment prior to judgment, attachment in aid of execution, execution
or otherwise) with respect to the Debtor or the Debtor's property, the Debtor
hereby irrevocably waives such immunity in respect of its obligations under this
Note.

     11. Loan Documents. The Note, the Indebtedness evidenced thereby, and the
         --------------
Obligations, are secured by and/or are executed in connection with, the Loan
Documents, including without limitation, the Security Agreement, the deeds to
secure debt and mortgages, the assignments of leases and rents, and the
financing statements, covering the properties described on Exhibit A attached
hereto, the agreements of principal, the guaranty agreements, and all other
documents and agreements executed in connection with and/or as security for the
Note and the Indebtedness evidenced thereby.

     12. Entire Agreemen. THIS NOTE AND OTHER LOAN DOCUMENTS EMBODY THE FINAL,
         ---------------
ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR
COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR
ORAL, RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE
CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL

                                     -6-
<PAGE>

AGREEMENTS AMONG THE PARTIES HERETO.

     13. Cross Default/Cross Collateralization. This Note is subject to the
         -------------------------------------
cross default and cross collateral provisions contained in the Loan Documents.

                           [Signature Page Follows]

                                     -7-
<PAGE>

     IN WITNESS WHEREOF, Debtor has caused this Note to be executed and
delivered effective as of the date set forth above.

                                         DEBTOR:
                                         ------

                                         SAILORMEN, INC.,
                                         a Florida corporation

                                         By : ____________
                                         Name: Robert S. Berg
                                         Title: Chief Executive Officer

                                         INTERFOODS OF AMERICA, INC.,
                                         a Nevada corporation

                                         By :.______________
                                         Name: Robert S. Berg
                                         Title: Chief Executive Officer

PROPER DOCUMENTARY STAMPS HAVE BEEN AFFIXED TO THE MORTGAGES RECORDED IN FLORIDA
SECURING THE NOTE AND PAID.

Attachments:

Exhibit A - Loan and Property Information
Schedule I - Prepayment/Call Protection

                                      -8-
<PAGE>

SCHEDULE 1

                          Prepayment/Call Protection

     This Note is not prepayable in whole or in part prior to the Call
     Protection Date. However, at any time prior to the Call Protection Date,
     Debtor may elect to defease this Note ("Defeasance") and obtain a release
                                             ----------
     of the Collateral from the lien of the related-Security Agreement, Mortgage
     or Deed of Trust, and other Loan Documents upon the satisfaction of the
     following conditions to the satisfaction of Secured Party in its Sole
     Discretion:

     1.   not less than thirty (30) day prior written notice shall be given to
          Secured Party specifying a Payment Date (the "Release Date") on which
                                                        ------------
          the Defeasance is to be effected;

     2.   all accrued and unpaid interest and all other sums due under this Note
          and under the other Loan Documents up to the Release Date, including,
          without limitation, all costs and expenses incurred by Secured Party
          or its agents or representatives in connection with such release
          (including, without limitation, the review of the proposed Defeasance
          Collateral and the preparation of the Defeasance Security Agreement
          (as such terms are hereinafter defined) and related documentation),
          shall be paid in full on or prior to the Release Date; and

     3.   Debtor shall deliver to Secured Party on or prior to the Release Date:

          (a)  The "Defeasance Collateral" of either:

               (i)  an executed f1mding agreement or guaranteed investment
          contract ("GIC") between a bank, bank subsidiary or financial services
                     ---
          company rated not less than AA by both Moody's Investors Service and
          Standard and Poor's Rating Services, a division of the McGraw-Hill
          Companies, Inc. (both the form and substance of the agreement and
          counter party to be approved by Secured Party in its Sole Discretion)
          which provides for the payment of all future installments of principal
          and interest under the related Loan in accordance with the terms of
          the Note, or

               (ii) an amount sufficient to purchase direct, non-callable
          obligations of the United States of America (x) that provide for
          payments prior, but as close as possible, to all successive monthly
          Payment Dates occurring after the Release Date and assuming the Note
          is paid in full on the Call Protection Date with each such payment
          being equal to or greater than the amount of the corresponding
          installment of principal and interest required to be paid under the
          Note and (y) each of which shall be duly endorsed by the holder
          thereof as directed by Secured Party or accompanied by a written
          instrument of transfer in form and substance wholly satisfactory to
          Secured Party in its Sole Discretion (including, without limitation,
          such instruments as may be required by the depository institution
          holding such securities to effectuate book-entry transfers and pledges
          through the book-entry facilities of such institution) in order to
          create a first priority security interest therein in favor of the
          Secured Party in conformity with all Requirements of Law;

          (c)  other necessary documents required by Secured Party in its Sole
          Discretion;

                                      -9-
<PAGE>

     (d)     a pledge and security agreement, in form and substance satisfactory
          to Secured Party in its Sole Discretion, creating a first priority
          security interest in favor of Secured Party in the Defeasance
          Collateral (the "Defeasance Security Agreement"), which shall provide,
                           -----------------------------
          among other things, that any excess received by Secured Party from the
          Defeasance Collateral over the amounts payable by Debtor shall be
          refunded to Debtor promptly after each Payment Date;

     (e)     a certificate of Debtor certifying that all of the requirements set
          forth herein have been satisfied; and

     (f)     if requested by Secured Party evidence in writing from the
          applicable Rating Agencies satisfactory to Secured Party in its Sole
          Discretion and to the effect that the Defeasance and Defeasance
          Collateral will not result in a downgrading, withdrawal or
          qualification of any of the ratings issued in connection with any
          securitization in which this Note is included and which is then
          outstanding.

For purposes of this Note, the term Prepayment Premium Amount shall mean for any
date an amount equal to the amount that a Person would be required to pay to
defease this Note on the Payment Date immediately following such date, including
the amount of any and all fees, costs and expenses related to acquiring the
Defeasance Collateral. All calculations of Prepayment Premium Amount shall be
made by Secured Party in its Sole Discretion and all calculations shall be
binding on Debtor.

                                     -10-