Document:

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                                                                     Exhibit 4.2

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER
THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY
THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY
TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY.

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

No.:  1
CUSIP No.: 05564E BC 9                          Principal Amount: $150,000,000

                              BRE PROPERTIES, INC.

                              5.95% Notes due 2007

     BRE Properties, Inc., a Maryland corporation (hereinafter called the
"Company", which term includes any successor corporation under the Indenture
referred to below), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of ONE HUNDRED AND FIFTY MILLION DOLLARS
($150,000,000), on March 15, 2007 (the "Maturity Date"), and to pay interest
thereon from March 12, 2002 or from the most recent date to which interest has
been paid or duly provided for, semiannually on March 15 and September 15 of
each year (each an "Interest Payment Date"), commencing September 15, 2002, and
at Maturity and any earlier Redemption Date (as defined herein), at the rate of
5.95% per annum, until the principal hereof is paid or duly made available for
payment. Interest on this Note shall be calculated on the basis of a 360-day
year consisting of twelve 30-day months. The

<PAGE>

interest so payable and punctually paid or duly provided for on any Interest
Payment Date will, as provided in such Indenture, be paid to the Person in whose
name this Note (or one or more Predecessor Debt Securities) is registered at the
close of business on the Regular Record Date for such interest, which shall be
the March 1 or September 1 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest which is payable,
but is not punctually paid or duly provided for, on any Interest Payment Date
shall forthwith cease to be payable to the registered Holder hereof on the
relevant Regular Record Date by virtue of having been such Holder, and may be
paid to the Person in whose name this Note (or one or more Predecessor Debt
Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to the Holder of this Note not less than 10 days prior to
such Special Record Date, or may be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the
Notes may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in such Indenture.

     Payment of the principal of, premium, if any, and interest on this Note
will be made at the office or agency of the Company maintained for that purpose
in the Borough of Manhattan, The City of New York, in such coin or currency of
the United States of America as at the time of payment is legal tender for
payment of public and private debts; provided, however, that, at the option of
the Company, interest may be paid by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security Registrar or by
transfer to an account maintained by the payee located in the United States.

     This Note is one of a duly authorized issue of Debt Securities of the
Company (herein called the "Notes") issued and to be issued in one or more
series under an Indenture dated as of June 23, 1997, as amended by a First
Supplemental Indenture dated as of April 23, 1998 (herein called, together with
all indentures supplemental thereto, the "Indenture") between the Company and
J.P. Morgan Trust Company, National Association (successor to Chase Manhattan
Bank and Trust Company, National Association), as trustee (herein called the
"Trustee", which term includes any successor trustee under the Indenture), and
reference is hereby made to the Indenture, and the Officers' Certificate dated
March 12, 2002 pursuant to Section 301 of the Indenture creating the series
designated on the face hereof, for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Notes, and the terms upon which the Notes are,
and are to be, authenticated and delivered. This Note is one of the series
designated on the face hereof initially limited (subject to exceptions provided
in the Indenture) in aggregate principal amount to $150,000,000; provided,
however, that the series may be reopened without the consent of the Holders for
the issuance of additional Notes as may be authorized by the Company from time
to time.

     The Notes are redeemable, in whole or from time to time in part, at the
option of the Company on any date (a "Redemption Date"), at a redemption price
equal to the greater of (i) 100% of the principal amount of the Notes to be
redeemed and (ii) the sum of the present values of the remaining scheduled
payments of principal and interest thereon (exclusive of interest accrued to
such Redemption Date) discounted to such Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate (as defined below) plus 30 basis points, plus, in either case, accrued and
unpaid interest on the principal amount being redeemed to such Redemption Date;
provided that installments of interest on

                                       2

<PAGE>

Notes which are due and payable on an Interest Payment Date falling on or prior
to the relevant Redemption Date shall be payable to the Holders of such Notes,
or one or more Predecessor Debt Securities, registered as such at the close of
business on the relevant Regular Record Date, according to their terms and the
provisions of the Indenture. Notice of redemption shall be given in the manner
provided in the Indenture, not less than 30 days nor more than 60 days prior to
the relevant Redemption Date, to each Holder of Notes to be redeemed. Any
redemption of Notes shall be made in accordance with the further terms and
provisions set forth in the Indenture.

     As used herein, the following terms will have the meanings set forth below:

     "Treasury Rate" means, with respect to any Redemption Date for the Notes,
(i) the yield, under the heading which represents the average for the
immediately preceding week, appearing in the most recently published statistical
release published by the Board of Governors of the Federal Reserve System
designated as "Statistical Release H.15(519)" or any successor publication which
is published weekly by the Board of Governors of the Federal Reserve System and
which establishes yields on actively traded United States Treasury securities
adjusted to constant maturity under the caption "Treasury Constant Maturities,"
for the maturity corresponding to the Comparable Treasury Issue (if no maturity
is within three months before or after the Maturity Date, yields for the two
published maturities most closely corresponding to the Comparable Treasury Issue
shall be determined and the Treasury Rate shall be interpolated or extrapolated
from such yields on a straight line basis, rounding to the nearest month), or
(ii) if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per
annum equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, calculated using a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date. The Treasury Rate shall be calculated
on the third Business Day preceding the Redemption Date.

     "Comparable Treasury Issue" means the United States Treasury security
selected by the Independent Investment Banker as having a maturity comparable to
the remaining term of the Notes to be redeemed that would be utilized, at the
time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the
remaining term of the Notes.

     "Independent Investment Banker" means Credit Suisse First Boston
Corporation or its successor or if such firm is unwilling or unable to select
the Comparable Treasury Issue, an independent investment banking institution of
national standing appointed by the Trustee after consultation with the Company.

     "Comparable Treasury Price" means with respect to any Redemption Date for
the Notes (i) the average of four Reference Treasury Dealer Quotations for such
Redemption Date, after excluding the highest and lowest such Reference Treasury
Dealer Quotations, or (ii) if the Trustee obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations.

     "Reference Treasury Dealer" means each of Credit Suisse First Boston
Corporation, Goldman, Sachs & Co., Banc of America Securities LLC and Banc One
Capital Markets, Inc.

                                       3

<PAGE>

and their respective successors; provided, however, that if any of the foregoing
shall cease to be a primary U.S. Government securities dealer in New York City
(a "Primary Treasury Dealer"), the Company will substitute therefor another
Primary Treasury Dealer.

     "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any Redemption Date, the average, as determined by
the Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York
City time, on the third Business Day preceding such Redemption Date.

     If an Event of Default with respect to the Notes shall occur and be
continuing, the principal of the Notes may be declared due and payable in the
manner and with the effect provided in the Indenture.

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and rights of the Holders of the Debt Securities of each series issued
under the Indenture at any time by the Company and the Trustee with the consent
of the Holders of not less than a majority in aggregate principal amount of the
Debt Securities at the time Outstanding of each series affected thereby. The
Indenture also contains provisions permitting the Holders of specified
percentages in aggregate principal amount of the Debt Securities of any series
at the time Outstanding, on behalf of the Holders of all Debt Securities of such
series, to waive compliance by the Company with certain provisions of the
Indenture and certain past defaults under the Indenture and their consequences.
Any such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any
Notes issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note.

     No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of, premium, if any, and
interest on this Note, at the time, place and rate, and in the coin or currency,
herein and in the Indenture prescribed.

     As provided in the Indenture and subject to certain limitations set forth
therein, the transfer of this Note may be registered on the Security Register
upon surrender of this Note for registration of transfer at the office or agency
of the Company maintained for the purpose in any place where the principal of,
premium, if any, and interest on this Note are payable, duly endorsed, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the Holder hereof or by his
attorney duly authorized in writing, and thereupon one or more new Notes, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     The Notes are issuable only in registered form without coupons in the
denominations of $1,000 and integral multiples of $1,000. As provided in the
Indenture and subject to certain limitations set forth therein, the Notes are
exchangeable for a like aggregate principal amount of Notes of authorized
denominations as requested by the Holders surrendering the same.

                                       4

<PAGE>

     No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith, other than in
certain cases provided in the Indenture.

     Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as owner hereof for all purposes,
whether or not this Note be overdue, and neither the Company, the Trustee nor
any such agent shall be affected by notice to the contrary.

     The Indenture contains provisions whereby (i) the Company may be discharged
from its obligations with respect to the Notes (subject to certain exceptions)
or (ii) the Company may be released from its obligations under specified
covenants and agreements in the Indenture, in each case if the Company
irrevocably deposits with the Trustee money or Government Obligations sufficient
to pay and discharge the entire indebtedness of all Notes, and satisfies certain
other conditions, all as more fully provided in the Indenture.

     This Note shall be governed by and construed in accordance with the laws of
the State of New York.

     All terms used in this Note which are defined in the Indenture shall have
the meanings assigned to them in the Indenture.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Trustee under the Indenture by the manual signature of one of its
authorized signatories, this Note shall not be entitled to any benefits under
the Indenture or be valid or obligatory for any purpose.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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<PAGE>

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

[Seal]                                           BRE PROPERTIES, INC.

Attest:_________________________________         By:___________________________
            Edward F. Lange, Jr.                          Frank C. McDowell
           Executive Vice President,                         President and
          Chief Financial Officer and                   Chief Executive Officer
                   Secretary

TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Debt Securities of the series
designated therein referred to in the within-
mentioned Indenture.

J.P. MORGAN TRUST COMPANY, NATIONAL
ASSOCIATION,
as Trustee

By:_____________________________________
     Authorized Signatory

                                       6

<PAGE>

                                  ABBREVIATIONS

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

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

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

                   __________________________________________

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

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
----------------------------------------------------------------------

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

________________________________________________________________________________
             PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE

_______________________________________________________________________________
the within Note and all rights thereunder, hereby irrevocably constituting and
appointing
______________________________________________________________________ Attorney
to transfer said Note on the books of the Company with full power of
substitution in the premises.

Dated:_________________________________________________________________________

      Notice: The signature(s) to this assignment must correspond with the
      name(s) as it/they appear(s) upon the face of the within Note in every
      particular, without alteration or enlargement or any change whatever.

                                       7<PAGE>

                                                                   EXHIBIT 10.12

                          STOCK REDEMPTION AGREEMENT
                          --------------------------

     THIS STOCK REDEMPTION AGREEMENT ("Agreement") made this 30th day of June,
2001, by and between ROBERT S. BERG and STEVE WEMPLE (hereinafter individually
referred to as "Berg" and "Wemple" or "Stockholder" and collectively referred to
as "Stockholders"), and INTERFOODS OF AMERICA, INC. (hereinafter referred to as
the "Corporation"), organized and existing under the laws of the State of
Florida/Nevada, with its principal place of business at 9400 South Dadeland
Boulevard, Suite 720, Miami, FL  33156.

                             W I T N E S S E T H:

     WHEREAS, Berg and Wemple, are principal Stockholders of Corporation, Berg
currently owning 1,476,719 shares of common stock and Wemple currently owning
932,352 shares of common stock of the outstanding and issued shares of stock of
Corporation; and

     WHEREAS, the parties to this Agreement believe that it is in their mutual
best interests to provide for continuity and harmony in management and the
policies of the Corporation, and

     WHEREAS, therefore, it is their mutual purpose (a) to provide for the
purchase by the Corporation of a Stockholder's shares should he desire to
dispose of any of his stock in the Corporation during his lifetime, (b) to
provide for the purchase by the Corporation of a Stockholder's interest therein
in the event of his death, and (c) to provide the funds necessary to carry out
such purchase.

     NOW, THEREFORE, in consideration of the mutual agreements and covenants
contained herein and for other valuable considerations paid by the Parties
hereto each to the
<PAGE>

other, the receipt and sufficiency of which is hereby acknowledged, it is
mutually agreed and covenanted by and among the Parties to this Agreement as
follows:

     Article 1.  No Stockholder shall during his lifetime transfer, encumber or
dispose of his stock interest in the Corporation except as provided below.

     For purposes hereof, an offer in writing from an independent third party
non-related to a Stockholder to purchase shares of a Stockholder accompanied by
a deposit of at least ten (10%) percent of the proposed purchase price is
defined as a bona fide third party offer (a "Third Party Offer").

     If a Stockholder should desire to dispose of his stock in the Corporation
during his lifetime, absent a Third Party Offer, he shall first offer in writing
to sell all of his stock to the Corporation at a price determined in accordance
with the provisions of Article 3.  If the Corporation does not purchase all of
the shares of stock so offered within 30 days after receipt of such written
offer, said shares of stock shall be offered in writing at the same price to the
other Stockholder.  If the stock is not purchased by the other Stockholder
within 30 days of the receipt of the written offer to him, the Stockholder
desiring to sell his stock may sell it to any third party upon receipt of any
Third Party Offer.

     Upon a Stockholder receiving any Third Party Offer which he is desirous of
accepting, such Stockholder shall first give the Corporation and the other
Stockholder written notice thereof and the right to purchase the stock which is
the subject matter of the Third Party Offer.  Such written notice shall be
accompanied by a true copy of the Third Party Offer and the Corporation and
other Stockholder shall have 30 days from receipt of such notice within which to
elect to purchase the stock offered for sale on the same terms and conditions
and for the same purchase
<PAGE>

price as that contained in the Third Party Offer. If the Corporation or the
other Stockholder do not elect to purchase the shares offered for sale under the
Third Party Offer within the 30 day period, and sign a like Third Party Offer in
favor of the Stockholder desiring to sell, then the Stockholder desiring to sell
may complete the transaction under the Third Party Offer but shall not sell said
stock to the third party at any lesser price or on any more favorable terms
without giving the Corporation and the other Stockholder the right to once again
purchase the stock at the reduced price on the more favorable terms.

     Any stock no disposed of shall remain and/or again become subject to the
terms of this Agreement.

     Article 2.  Upon the death of any Stockholder, the Corporation shall
purchase, and the estate of the decedent shall sell, all of the decedent's
shares in the Corporation now owned or hereafter acquired.  The purchase price
of such stock shall be computed in accordance with the provisions of Article 3.

     Article 3.  Unless and until changed as provided hereinafter, it is agreed
that, the purchase price to be paid for the interest of a Stockholder or a
deceased Stockholder as of the date of this Agreement (except in the event of a
Third Party Offer) is $9,000,000.00 U.S. as to Berg and $6,000,000.00 U.S. as to
Wemple.  This price has been agreed upon by the Stockholders and the Corporation
as representing the fair value for the stock owned by each of the Stockholders
including the goodwill of the Corporation.  The Stockholders and the Corporation
may agree at any time to redetermine the fair value of the stock in the
Corporation and shall redetermine such value of the stock in any event within 30
days following the end of each fiscal year.  The value so agreed upon shall be
endorsed on Schedule A attached hereto and
<PAGE>

made a part of this Agreement, and such endorsement shall take the following
form: "The Undersigned mutually agree on this 30th day of June, A.D. 2001, that
for the purpose of this Stock Redemption Agreement, the purchase price of the
stock of the Corporation held by Berg is $9,000,000.00 U.S. and by Wemple is
$6,000,000.00 U.S. Signed /s/ Robert S. Berg (Berg), /s/ Steven M. Wemple
                          ------------------         --------------------
(Wemple) and /s/ Robert S. Berg, CEO (Corporation)." If the Stockholders and the
             -----------------------
Corporation fail to make a redetermination of value for a particular year, the
last previously stipulated value shall control except that if the Stockholders
and the Corporation have not so redetermined the value within the 24 months
immediately preceding the death of a Stockholders then the value of a
Stockholder's interest shall be agreed upon by the representative of the
deceased Stockholder and the Corporation through its remaining Stockholder. If
they do not agree upon a valuation within 30 days of receipt by the Corporation
of the written offer to sell, arbitration shall be used, with the withdrawing
Stockholder and the Corporation each naming one arbitrator. If the two
arbitrators cannot agree upon a value within 30 days, they shall appoint a third
arbitrator, and the decision of the majority shall be binding upon all parties.
In determining values by arbitration, life insurance proceeds and cash surrender
values shall not be taken into account. Provided, however, in no event shall the
value for any Stockholder's share ever be less than that initially set forth in
this Agreement.

     Article 4.  The Corporation is the applicant, owner and beneficiary of the
following life insurance policies issued by the National Life of Vermont.

     Policy #2335350 insuring the life of Robert S. Berg in the amount of
$6,000,000.00.

     Policy #2335352 insuring the life of Steve Wemple in the amount of
$4,000,000.00.
<PAGE>

     The Corporation agrees to pay premiums on the insurance policies taken out
pursuant to this Agreement and shall give proof of payment of premiums to the
Stockholders whenever any one of them shall request such proof.  If a premium is
not paid within 30 days after its due date, the insured shall have the right to
pay such premium and be reimbursed therefor by the Corporation.  The Corporation
shall have the right to purchase additional insurance on any or all of its
Stockholders, such additional policies shall be listed in Schedule B, attached
hereto and made a part of this Agreement along with any substitution or
withdrawal of insurance policies subject to this Agreement.  In the event that
the Corporation decides to purchase additional insurance on any Stockholder each
Stockholder hereby agrees to cooperate fully by performing all the requirements
of the insurer which are necessary conditions precedent to the issuance of
insurance policies.  The Corporation shall be the sole owner of the policies
issued to it, and it may apply any dividends toward the payment of premiums.

     Article 5.  (a)  In the event of a purchase and sale during a Stockholder's
lifetime pursuant to Article 1, other than a sale under a Third Party Offer, the
purchase price shall be paid in ten (10) equal consecutive annual installments.
The first installment shall be due on the date of closing and the remaining nine
(9) installments shall be paid on said date in each subsequent year.  The unpaid
balance of such purchase price shall be evidenced by a series of negotiable
promissory notes executed by the purchaser to the order of the seller with
interest at floating prime rate, based upon the prime rate promulgated from time
to time by Bank of America but not greater than ten (10%) percent per annum and
not less than seven (7%) percent per annum.

                 (b)  In the event of a purchase and sale at the death of a
Stockholder, the purchase price shall be paid in one lump sum as soon as is
practical after receipt by the Corporation of the life insurance proceeds
payable by reason of the Stockholder's death and in
<PAGE>

any event within six months of the Stockholder's death. The proceeds of any life
insurance shall be used by Corporation for the purpose of completing purchase of
the shares of stock from the deceased Stockholder. If the purchase price exceeds
the proceeds of such life insurance, the balance of the purchase price in excess
of the life insurance proceeds shall be pain in equal consecutive annual
installments over a period of five (5) years beginning one (1) year after the
Stockholder's death. The unpaid balance of such purchase price shall be
evidenced by a series of negotiable promissory notes executed by the Corporation
to the order of the decedent Stockholder's estate with interest at the floating
prime rate, based upon the prime rate promulgated from time to time by Bank of
America but not greater than ten (10%) percent per annum and not less than seven
(7%) percent per annum.

                 (c)  The notes referred to in Sections (a) and (b) above shall
provide for the acceleration of the due date of all unpaid notes in the series
upon default in the payment of any note or interest thereon and shall provide
that upon the default of any payment of interest or principal, all notes shall
become due and payable immediately, such notes shall give the purchaser the
option of prepayment in whole or in part.

                 (d)  To the extent that any unpaid balance remains outstanding
with respect to a purchase and sale hereunder, all of the shares of stock
purchased in the transaction shall be pledged to the seller to secure the full
payment of the purchase price. So long as the purchaser is not in default, said
purchaser shall have all voting and dividend rights in said stock.

     Article 6.  This Agreement is intended to apply to all shares of stock
owned from time to time by the Stockholders.  If any Stockholder shall acquire
additional shares subsequent to the date hereof, or his shares shall be reduced
subsequent to the date hereof, then the purchase
<PAGE>

price for the shares in Article 3 shall be proportionally increased or
decreased, and such proportional increase or reduction in the purchase price
shall be applicable whenever shares are acquired or disposed of subsequent to
the last endorsed value on Schedule A.

     Article 7.  If any Stockholder disposes of all of his stock in the
Corporation during his lifetime or if this Agreement terminates before the death
of a Stockholder, then such Stockholder shall have the right to purchase the
policy or policies on him owned by the Corporation by paying an amount equal to
the cash surrender value, if any, as of the date of transfer, less any existing
indebtedness charged against the policy or policies.  This right shall lapse if
not exercised within 30 days after such disposal or termination.

     Article 8.  Each Stockholder has endorsed his stock certificates in blank
and has deposited the certificates with the Secretary of the Corporation who is
authorized and directed to write on the face of each stock certificate the
following:

     "This certificate is held subject to the Stock Retirement Agreement dated
     June 30, 2001."

Such endorsement and deposit shall not affect the right of the Stockholder to
vote the stock and receive the dividends thereon until a binding purchase and
sale agreement has been executed pursuant to this Agreement.  The Secretary
shall hold and deliver the stock certificate in accordance with the provisions
of this Agreement.

     Article 9.  This Agreement may be modified, amended, or terminated by a
writing signed by all of the Stockholders and the Corporation.
<PAGE>

     Article 10.  This Agreement shall terminate upon the occurrence of any of
the following events:

     (1)  The written agreement of all of the Stockholders of the Corporation,
or

     (2)  The bankruptcy, receivership or dissolution of the Corporation, or

     (3)  The death of all Stockholders within a period of 30 days, subject to
compliance by the Corporation and estate of the Stockholder with the sale and
purchase provisions hereof.

     Article 11.  The executor, administrator or personal representative of a
deceased Stockholder shall execute and deliver any and all documents or legal
instruments necessary or desirable to carry out the provisions of this
Agreement.  This Agreement shall be binding upon the Stockholders, their heirs,
legal representatives, successors and assigns, and upon the Corporation, its
successors and assigns.  This Agreement shall be governed by the laws of the
State of Florida notwithstanding the fact that one or more of the parties to
this Agreement is now or may become a resident or citizen of a different state.

     Article 12.  Notwithstanding the provisions of this Agreement, any
insurance company which has issued a policy of insurance subject to provisions
of this Agreement is hereby authorized to act in accordance with the terms of
such policies as if the Agreement did not exist, and the payment or other
performance of its contractual obligations by any such insurance company in
accordance with the terms of any such policy shall completely discharge such
company from all claims, suits and demands of all persons whatsoever.

     Article 13.  If the Corporation is unable to make any purchase required of
its hereunder because of the provisions of the applicable statutes or of its
charter or bylaws, the
<PAGE>

Corporation agrees to take such action as may be necessary to permit it to make
such purchases, and the Stockholders who are parties to this Agreement agree
that they will also take such action as may be necessary for the Corporation to
make such purchases.

     IN WITNESS WHEREOF, the Parties hereunto have executed this Agreement at
Miami, in the County of Miami-Dade, State of Florida.

WITNESSED BY:
                                   INTERFOODS OF AMERICA, INC.

/s/ Kara Nordstrom                 By:/s/ Steven M. Wemple
---------------------------           --------------------------------
                                          Its President

                                   /s/ Robert S. Berg
                                   -----------------------------------
                                   Stockholder: Robert S. Berg

/s/ Kara Nordstrom
---------------------------
                                   /s/ Steven M. Wemple
                                   -----------------------------------
As to all Parties                  Stockholder: Steve Wemple
<PAGE>

                                 SCHEDULE "A"
                                 ------------

                  ANNEXED TO STOCK REDEMPTION AGREEMENT DATED
                            JUNE __, 2001, BETWEEN
                       ROBERT S. BERG, STEVE WEMPLE AND
                          INTERFOODS OF AMERICA, INC.

     The Undersigned mutually agree that as of the _____ day of ______, 20__,
the purchase price of the stock of the Corporation held by Robert S. Berg is
$______________________ for ______________ shares and the purchase price of the
stock of the Corporation held by Steve Wemple is $___________________ for
_____________ shares.

                                        INTERFOODS OF AMERICA, INC.

________________    ________________    By: ___________________________
Robert S. Berg      Steve Wemple        Name: __________________
                                              Its President

     The Undersigned mutually agree that as of the _____ day of ______, 20__,
the purchase price of the stock of the Corporation held by Robert S. Berg is
$______________________ for ______________ shares and the purchase price of the
stock of the Corporation held by Steve Wemple is $___________________ for
_____________ shares.

                                        INTERFOODS OF AMERICA, INC.

________________    ________________    By: ___________________________
Robert S. Berg      Steve Wemple        Name: __________________
                                              Its President

     The Undersigned mutually agree that as of the _____ day of ______, 20__,
the purchase price of the stock of the Corporation held by Robert S. Berg is
$______________________ for ______________ shares and the purchase price of the
stock of the Corporation held by Steve Wemple is $___________________ for
_____________ shares.

                                        INTERFOODS OF AMERICA, INC.

________________    ________________    By: ___________________________
Robert S. Berg      Steve Wemple        Name: __________________
                                              Its President
<PAGE>

                                 SCHEDULE "B"
                                 ------------

                    ADDITIONAL INSURANCE POLICIES (IF ANY)
                    --------------------------------------

Policy No. __________________ issued by _________________________________ to
Corporation on life of Robert S. Berg.

Policy No. __________________ issued by _________________________________ to
Corporation on life of Steve Wemple.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]