Document:

RENEWAL PROMISSORY NOTE

$10,131,984.85                                                 May 28, 2003
                                                           Orlando, Florida

     FOR VALUE RECEIVED, the undersigned, GALAXY NUTRITIONAL FOODS, INC., a
Delaware  corporation  authorized to do business in the  State  of  Florida
f/k/a  GALAXY FOODS COMPANY, a Delaware corporation ("Maker")  promises  to
pay  to  the  order of SOUTHTRUST BANK, (hereinafter called the "Bank"  or,
together with any other holder of this note, the "Holder") or order, at its
place of business at 420 North 20th Street, Birmingham, Alabama 35203 Attn:
Florida Commercial Banking (Orlando), or at such other place as the  Holder
of this Note may designate in writing, the principal sum of TEN MILLION ONE
HUNDRED  THIRTY-ONE  THOUSAND NINE HUNDRED EIGHTY-FOUR AND  85/100  DOLLARS
($10,131,984.85),  or  so much thereof as is from time  to  time  disbursed
pursuant  to  the Loan Agreement between Maker and Holder dated  March  10,
2000, as amended (the "Loan Agreement"), together with interest thereon  at
the  Interest  Rate, in lawful money of the United States, which  shall  be
legal  tender in payment of all debts and dues, public and private, at  the
time  of  said  payment, said principal and interest to be payable  as  set
forth below.

     1.      INTEREST RATE.

  a.     The Interest Rate shall be a floating rate calculated at an annual
rate equal to one percent (1.0%) per annum in excess of the SOUTHTRUST BANK
Base  Rate  of Interest in effect from time to time calculated on  a  daily
moving  basis  upon  the  principal  balance  hereof  from  time  to   time
outstanding, but in no event to exceed the maximum rate allowed by  Florida
Law,  as amended, or as preempted and prescribed from time to time  by  the
Laws  of  the  United States of America or any rule or  regulation  of  any
department or agency thereof.  The Base Rate of Interest of SOUTHTRUST BANK
shall be that rate of interest (but not necessarily the best or lowest rate
charged borrowing customers of SOUTHTRUST BANK) described by it as its Base
Rate of Interest, whether or not such rate shall be otherwise published, as
such  rate  shall  vary  from time to time, and each  adjustment  shall  be
effective on the day the change occurs.

  b.    Interest shall be calculated on the basis of a 360-day year, actual
days elapsed.

     2.     MATURITY DATE.  June 1, 2009.

     3.      PAYMENTS.   The Loan shall be repaid by monthly payments  each
composed  of  $75,000.00 principal, plus accrued interest at  the  Interest
Rate  beginning  on  July 1, 2003 and payable on  the  first  day  of  each
successive  month thereafter through and including June 1, 2004, thereafter
the  Loan  shall be repaid by monthly payments each composed of $110,000.00
principal, plus accrued interest at the Interest Rate beginning on July  1,
2004  and  payable  on  the first day of each successive  month  thereafter
through and including June 1, 2005, thereafter the Loan shall be repaid  by
monthly  payments  each  composed of $166,250.00  principal,  plus  accrued
interest at the Interest Rate beginning on July 1, 2005 and payable on  the
first  day of each successive month thereafter until the Maturity  Date  at
which time all then unpaid principal and interest shall be payable in full.

     4.       SECURITY  AGREEMENT.   As security for  the  payment  of  the
indebtedness evidenced by this Note ("Liabilities"), the undersigned (among
other  things) has granted or has caused to be granted to Holder a Security
Agreement  dated March 10, 2000 encumbering and conveying property  therein
described  ("Security  Agreement").  Holder is given  a  lien  upon  and  a
security  interest in all property of the undersigned now or  at  any  time
hereafter in the possession of Holder in any capacity whatsoever, including
but  not  limited  to any balance or share of any deposit,  certificate  of
deposit, trust or agency account, as security for the payment of this  Note
and the Holder is hereby authorized to apply, on or after maturity (whether
by  a acceleration or otherwise) to the payment of this debt any such funds
or  property in possession of the Holder belonging to each Obligor, in such
order of application as Holder may from time to time elect, without advance
notice.

     5.      DEFAULT RATE.  This note and all sums due hereunder shall bear
interest  from the date when due (without any prior notice from  Holder  to
Maker  or  any  Obligor), whether by lapse of time or on acceleration,  and
also  after  any judgment which may be entered against any Obligor  and  in
favor  of Holder, at the Default Rate (as hereinafter defined) until  paid.
The  Default  Rate shall be a rate of interest equal to the  Interest  Rate
plus five percent (5%) per annum in excess of the Interest Rate.

     6. INTEREST LIMITATION.  Anything in this note, the Security Agreement
or  any other agreements or arrangements with the undersigned in connection
with the loan evidenced by this Note to the contrary notwithstanding, in no
event shall the amount of interest due hereunder, together with all

THIS NOTE IS A RENEWAL PROMISSORY NOTE WHICH RENEWS A NOTE IN THE PRINCIPAL
AMOUNT  OF  $8,131,984.85 AND INCLUDES AN ADDITIONAL  $2,000,000.00  FUTURE
ADVANCE UPON WHICH DOCUMENTARY STAMP TAXES ARE BEING PAID.

amounts  reserved,  charged, or taken by Holder as compensation  for  fees,
services,  or expenses incidental to the making, negotiation or  collection
of  the  loan  evidenced  hereby, which are deemed  to  be  interest  under
applicable law, exceed the maximum rate of interest on the unpaid principal
balance hereof allowed from time to time by applicable law.  If any sum  is
collected in excess of the applicable maximum rate of interest, the  excess
sum  collected shall be applied to reduce the principal debt or be refunded
to Maker, at Holder's option.

     7.       CONSENT AND WAIVER.  Each Obligor (which term shall mean  and
include  each  Borrower, Maker, Guarantor, and all others  who  may  become
liable  for  all  or  any  part of the obligations  evidenced  and  secured
hereby),  does  hereby,  jointly  and  severally:   (a)  consent   to   any
forbearance or extension of the time or manner of payment hereof and to the
release  of  all or any part of any security held by the Holder  to  secure
payment  of this Note and to the subordination of the lien of the  security
agreement and any other instrument of security securing this Note as to all
or  any part of the property encumbered thereby, all without notice  to  or
consent  of  that party;  (b) agree that no course of dealing or  delay  or
omission  or  forbearance  on  the part of  the  Holder  in  exercising  or
enforcing  any of its rights or remedies hereunder or under any  instrument
securing  this Note shall impair or be prejudicial to any of  the  Holder's
rights  and  remedies hereunder or to the enforcement hereof and  that  the
Holder  may  extend, modify or postpone the time and manner of payment  and
performance of this Note and any instrument securing this Note,  may  grant
forebearances  and may release, wholly or partially, any security  held  by
the  Holder as security for this Note and release, partially or wholly, any
person or party primarily or secondarily liable with respect to this  Note,
all  without  notice  to or consent by any party primarily  or  secondarily
liable  hereunder and without thereby releasing, discharging or diminishing
its  rights  and remedies against any other party primarily or  secondarily
liable  hereunder;  (c) waive notice of acceptance of this Note, notice  of
the  occurrence  of any default hereunder or under any instrument  securing
this  Note and presentment, demand, protest, notice of dishonor and  notice
of  protest and notices of any and all action at any time taken or  omitted
by  the Holder in connection with this Note or any instrument securing this
Note  and  waives  all requirements necessary to hold  that  party  to  the
liability of that party;  (d) waive any "venue privilege" and/or "diversity
of citizenship privilege" which they have now or have in the future, and do
hereby  specifically agree, notwithstanding the provision  of any state  or
federal   law  to  the  contrary,  that  the  venue  for  the  enforcement,
construction  or  interpretation of this note shall be  the  County  Court,
Circuit  Court or Federal Court selected by the Holder hereof and  they  do
hereby  specifically waive the right to sue or be sued in the court of  any
other  county  in  the State of Florida, any court in any  other  state  or
country  or in any federal court, or in any state or federal administrative
tribunal.

     8.   ATTORNEYS' FEES.  All parties liable for the payment of this Note
agree  to pay the Holder in addition to the principal, premium and interest
due  and  payable  hereon, reasonable paralegal fees, attorneys'  fees  and
costs,  whether  or not an action be brought, for the services  of  counsel
employed after maturity or default to collect this Note or any principal or
interest due hereunder, or to protect the security, if any, or enforce  the
performance  of  any  other agreement contained in  this  Note  or  in  any
instrument  of  security  executed in connection with  the  loan  evidenced
hereby,  including, but not limited to costs, paralegal fees and attorneys'
fees  and  costs  on  any  trial,  or  appellate  proceedings,  or  in  any
proceedings under the United States Bankruptcy Code or in any post judgment
proceedings.

     9.    EVENTS OF DEFAULT.  The happening of any of the following events
shall  constitute a default or Event of Default hereunder:  (a) failure  of
any  Obligor  to  pay  any principal, interest or any other  sums  required
hereunder  when due under this Note; or  (b) a default or Event of  Default
shall occur in any instrument securing this Note or in any other instrument
executed in connection with the loan evidenced hereby.

     10.      ACCELERATION.  If a default or Event of Default  shall  occur
hereunder  and such default shall continue for ten (10) days  then  at  the
option  of  the  Holder,  the entire principal sum  then  remaining  unpaid
together  with  any premiums and accrued interest shall immediately  become
due  and  payable without notice or demand, and said principal and premiums
shall  bear  interest from such date at the Default Rate, to be charged  by
Holder,  it  being  agreed that interest not paid when due  shall,  at  the
option  of  the  Holder,  draw interest at the  Default  Rate.  Failure  to
exercise  the above options shall not constitute a waiver of the  right  to
exercise the same in the event of any subsequent default.  If this Note  is
payable  upon  demand,  then  no  terms or  provisions  contained  in  this
paragraph  shall be deemed or interpreted to alter or abrogate  the  demand
nature of this Note or the rights of Holder under a demand instrument.

     11.   OTHER REMEDIES.  If a default or an Event of Default shall occur
Holder shall have in addition to its remedies under the Security Agreement,
this Note, Loan Agreement, and/or any other instrument securing or executed
in  conjunction with the loan evidenced hereby and applicable law  all  the
remedies of a secured party under the Uniform Commercial Code of the  State
of  Florida  and, without limiting the generality of the foregoing,  Holder
shall  have  the  right, at its option, and without notice  or  demand,  to
declare  the  entire amount of this Note remaining unpaid,  and  all  other
liabilities  selected  by Holder, immediately due  and  payable,  less  any
unearned  interest  or other charges and any rebates required  by  law  (it
being  the  intention hereof that under no circumstances  shall  Holder  be
entitled to receive at any time any charges not allowed or permitted by law
or  any  interest  in excess of the maximum allowed by  law);  to  set  off
against  this  Note  all  money  owed by Holder  in  any  capacity  to  the
undersigned  or any guarantor hereof, whether or not due; and Holder  shall
be  deemed to have exercised such right of setoff and to have made a charge
against any such money immediately upon the occurrence of such default even
though  such  charge is made or entered in the books of  Holder  subsequent
thereto.   Upon disposition of any collateral after the occurrence  of  any
default,  undersigned shall be and remain liable for  any  deficiency;  and
Holder shall account to undersigned for any surplus, but Holder shall  have
the right to apply all or any part of such surplus (or to hold the same  as
a reserve) against any and all other liabilities of undersigned to Holder.

     12.   FLORIDA LAW.  This Note is executed under seal and constitutes a
contract  under the laws of the State of Florida, and shall be  enforceable
in  a Court of competent jurisdiction in that State, regardless of in which
State this Note is being executed.

     13.   HEADINGS.  The headings of the paragraphs contained in this Note
are for convenience of reference only and do not form a part hereof and  in
no way modify, interpret or construe the meaning of the parties hereto.

    14. LATE CHARGE.  The undersigned promises to pay to the Holder of this
note a "late charge" not to exceed an amount equal to five per cent (5%) of
any  principal or interest which is not paid within ten (10) days from  the
due date thereof to cover the extra expense involved in handling delinquent
payments. Collection or acceptance by Holder of such late charge shall  not
constitute a waiver of any remedies of Holder provided herein.

    15. CROSS DEFAULT.  A default under this Note shall be and constitute a
default under any and all other notes or other evidence of indebtedness and
any  instruments of security therefor in which an Obligor is liable and  of
which  the  Holder  is the Holder and a default under any  other  loan  any
Obligor  has  at anytime to Holder or any other lender shall be  a  default
hereunder.

     16.     MISCELLANEOUS.

          a.      The term "Maker", as used herein, in every instance shall
include  the  Maker's heirs, executors, administrators,  successors,  legal
representatives and assigns, and shall denote the singular  and/or  plural,
the  masculine  and/or  feminine,  and natural  and/or  artificial  persons
whenever and wherever the context so requires or admits.

           b.       This  Note may not be changed orally, but  only  by  an
agreement in writing, signed by the party against whom enforcement  of  any
waiver, change, modification or discharge is sought.

      All payments made on the indebtedness evidenced by this Note shall be
applied  first to repayment of monies paid or advanced by Holder on  behalf
of  the  Maker  in  accordance with the terms  of  the  Security  Agreement
securing  this Note, and thereafter shall be applied to payment of  accrued
interest, and lastly to payment of principal.

MAKER AND HOLDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE  THE
RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
HEREON,  OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE INCLUDING
BUT NOT LIMITED TO ANY POST JUDGMENT ACTIONS AND ANY AGREEMENT CONTEMPLATED
TO BE EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EITHER PARTY.
THIS  PROVISION IS A MATERIAL INDUCEMENT FOR THE HOLDER MAKING THE LOAN  OR
EXTENSION OF CREDIT EVIDENCED BY THIS NOTE.

                                            (Initials)
Address of Maker:
2441 Viscount Row
Orlando, Florida  32809       GALAXY NUTRITIONAL FOODS, INC.,
                              a Delaware corporation authorized to do
                              business in the State of Florida

                              By:  /s/ CHRISTOPHER J. NEW
                                   -----------------------------
                                   CHRISTOPHER J. NEW
                                   Chief Executive Officer

                              TAXPAYER IDENTIFICATION NUMBER:

                              _________________________________________RENEWAL PROMISSORY NOTE

$501,000.00                                                    May 28, 2003
                                                           Orlando, Florida

     FOR VALUE RECEIVED, the undersigned, GALAXY NUTRITIONAL FOODS, INC., a
Delaware  corporation  authorized to do business in the  State  of  Florida
f/k/a  GALAXY FOODS COMPANY, a Delaware corporation ("Maker"), promises  to
pay  to  the  order of SOUTHTRUST BANK, (hereinafter called the "Bank"  or,
together with any other holder of this note, the "Holder") or order, at its
place of business at 420 North 20th Street, Birmingham, Alabama 35203 Attn:
Florida Commercial Banking (Orlando), or at such other place as the  Holder
of  this  Note may designate in writing, the principal sum of FIVE  HUNDRED
ONE  THOUSAND  AND  NO/100 DOLLARS ($501,000.00),  together  with  interest
thereon  at the Interest Rate, in lawful money of the United States,  which
shall be legal tender in payment of all debts and dues, public and private,
at  the time of said payment, said principal and interest to be payable  as
set forth below.

     1.      INTEREST RATE.

   a.    The Interest Rate shall be a floating rate calculated at an annual
rate  of  the SOUTHTRUST BANK Base Rate of Interest in effect from time  to
time  calculated on a daily moving basis upon the principal balance  hereof
from  time to time outstanding, but in no event to exceed the maximum  rate
allowed  by  Florida Law, as amended, or as preempted and  prescribed  from
time  to  time by the Laws of the United States of America or any  rule  or
regulation of any department or agency thereof.  The Base Rate of  Interest
of  SOUTHTRUST BANK shall be that rate of interest (but not necessarily the
best  or  lowest  rate  charged  borrowing customers  of  SOUTHTRUST  BANK)
described  by  it as its Base Rate of Interest, whether or  not  such  rate
shall  be  otherwise published, as such rate shall vary from time to  time,
and each adjustment shall be effective on the day the change occurs.

  b.    Interest shall be calculated on the basis of a 360-day year, actual
days elapsed.

     2.      MATURITY DATE.  March 1, 2004.

     3.     PAYMENTS.  Principal and interest shall be repayable by monthly
payments  each  composed of: (i) $50,000.00 principal;  plus  (ii)  accrued
interest at the Interest Rate, beginning on June 1, 2003 and payable on the
first  day of each successive month thereafter until the Maturity  Date  at
which time all then unpaid principal and interest shall be payable in full.

     4.       SECURITY  AGREEMENT.   As security for  the  payment  of  the
indebtedness evidenced by this Note ("Liabilities"), the undersigned (among
other  things) has granted or has caused to be granted to Holder a Security
Agreement  dated  March  10, 2000, as modified  by  Amendment  of  Security
Agreement  dated  of  even  date  herewith encumbering  and  conveying  the
property therein described ("Security Agreement").  Holder is given a  lien
upon  and a security interest in all property of the undersigned now or  at
any  time hereafter in the possession of Holder in any capacity whatsoever,
including  but  not  limited  to  any balance  or  share  of  any  deposit,
certificate  of  deposit,  trust or agency account,  as  security  for  the
payment  of this Note and the Holder is hereby authorized to apply,  on  or
after  maturity (whether by a acceleration or otherwise) to the payment  of
this  debt any such funds or property in possession of the Holder belonging
to  each  Obligor, in such order of application as Holder may from time  to
time elect, without advance notice.

     5.      DEFAULT RATE.  This note and all sums due hereunder shall bear
interest  from the date when due (without any prior notice from  Holder  to
Maker  or  any  Obligor), whether by lapse of time or on acceleration,  and
also  after  any judgment which may be entered against any Obligor  and  in
favor  of Holder, at the Default Rate (as hereinafter defined) until  paid.
The  Default  Rate shall be a rate of interest equal to the  Interest  Rate
plus five percent (5%) per annum in excess of the Interest Rate until paid.

     6. INTEREST LIMITATION.  Anything in this note, the Security Agreement
or  any other agreements or arrangements with the undersigned in connection
with the loan evidenced by this Note to the contrary notwithstanding, in no
event shall the amount of interest due hereunder, together with all amounts
reserved,  charged, or taken by Holder as compensation for fees,  services,
or expenses incidental to the making, negotiation or collection of the loan
evidenced  hereby,  which are deemed to be interest under  applicable  law,
exceed  the maximum rate of interest on the unpaid principal balance hereof
allowed  from  time to time by applicable law.  If any sum is collected  in
excess of the applicable maximum rate of

THIS  NOTE  IS  A  RENEWAL PROMISSORY NOTE WHICH RENEWS A NOTE  UPON  WHICH
DOCUMENTARY STAMP TAXES HAVE ALREADY BEEN PAID.

interest, the excess sum collected shall be applied to reduce the principal
debt or be refunded to Maker, at Holder's option.

     7.       CONSENT AND WAIVER.  Each Obligor (which term shall mean  and
include  each  Borrower, Maker, Guarantor, and all others  who  may  become
liable  for  all  or  any  part of the obligations  evidenced  and  secured
hereby),  does  hereby,  jointly  and  severally:   (a)  consent   to   any
forbearance or extension of the time or manner of payment hereof and to the
release  of  all or any part of any security held by the Holder  to  secure
payment  of this Note and to the subordination of the lien of the  Security
Agreement and any other instrument of security securing this Note as to all
or  any part of the property encumbered thereby, all without notice  to  or
consent  of  that party;  (b) agree that no course of dealing or  delay  or
omission  or  forbearance  on  the part of  the  Holder  in  exercising  or
enforcing  any of its rights or remedies hereunder or under any  instrument
securing  this Note shall impair or be prejudicial to any of  the  Holder's
rights  and  remedies hereunder or to the enforcement hereof and  that  the
Holder  may  extend, modify or postpone the time and manner of payment  and
performance of this Note and any instrument securing this Note,  may  grant
forebearances  and may release, wholly or partially, any security  held  by
the  Holder as security for this Note and release, partially or wholly, any
person or party primarily or secondarily liable with respect to this  Note,
all  without  notice  to or consent by any party primarily  or  secondarily
liable  hereunder and without thereby releasing, discharging or diminishing
its  rights  and remedies against any other party primarily or  secondarily
liable  hereunder;  (c) waive notice of acceptance of this Note, notice  of
the  occurrence  of any default hereunder or under any instrument  securing
this  Note and presentment, demand, protest, notice of dishonor and  notice
of  protest and notices of any and all action at any time taken or  omitted
by  the Holder in connection with this Note or any instrument securing this
Note  and  waives  all requirements necessary to hold  that  party  to  the
liability of that party;  (d) waive any "venue privilege" and/or "diversity
of citizenship privilege" which they have now or have in the future, and do
hereby  specifically agree, notwithstanding the provision  of any state  or
federal   law  to  the  contrary,  that  the  venue  for  the  enforcement,
construction  or  interpretation of this note shall be  the  County  Court,
Circuit  Court or Federal Court selected by the Holder hereof and  they  do
hereby  specifically waive the right to sue or be sued in the court of  any
other  county  in  the State of Florida, any court in any  other  state  or
country  or in any federal court, or in any state or federal administrative
tribunal.

     8.   ATTORNEYS' FEES.  All parties liable for the payment of this Note
agree  to pay the Holder in addition to the principal, premium and interest
due  and  payable  hereon, reasonable paralegal fees, attorneys'  fees  and
costs,  whether  or not an action be brought, for the services  of  counsel
employed after maturity or default to collect this Note or any principal or
interest due hereunder, or to protect the security, if any, or enforce  the
performance  of  any  other agreement contained in  this  Note  or  in  any
instrument  of  security  executed in connection with  the  loan  evidenced
hereby,  including, but not limited to costs, paralegal fees and attorneys'
fees  and  costs  on  any  trial,  or  appellate  proceedings,  or  in  any
proceedings under the United States Bankruptcy Code or in any post judgment
proceedings.

     9.    EVENTS OF DEFAULT.  The happening of any of the following events
shall  constitute a default or Event of Default hereunder:  (a) failure  of
any  Obligor  to  pay  any principal, interest or any other  sums  required
hereunder  when due under this Note; or  (b) a default or Event of  Default
shall occur in any instrument securing this Note or in any other instrument
executed in connection with the loan evidenced hereby.

     10.      ACCELERATION.  If a default or Event of Default  shall  occur
hereunder  and such default shall continue for ten (10) days  then  at  the
option  of  the  Holder,  the entire principal sum  then  remaining  unpaid
together  with  any premiums and accrued interest shall immediately  become
due  and  payable without notice or demand, and said principal and premiums
shall  bear  interest from such date at  the Default Rate to be charged  by
Holder,  it  being  agreed that interest not paid when due  shall,  at  the
option  of  the  Holder, draw interest at the rate  provided  for  in  this
paragraph.  Failure to exercise the above options shall  not  constitute  a
waiver  of  the  right to exercise the same in the event of any  subsequent
default.   If this Note is payable upon demand, then no terms or provisions
contained  in  this paragraph shall be deemed or interpreted  to  alter  or
abrogate  the  demand nature of this Note or the rights of Holder  under  a
demand instrument.

     11.   OTHER REMEDIES.  If a default or an Event of Default shall occur
Holder shall have in addition to its remedies under the Security Agreement,
this  Note  and/or any other instrument securing or executed in conjunction
with  the  loan evidenced hereby and applicable law all the remedies  of  a
secured  party  under the Uniform Commercial Code of the State  of  Florida
and,  without limiting the generality of the foregoing, Holder  shall  have
the  right,  at  its option, and without notice or demand, to  declare  the
entire  amount  of  this Note remaining unpaid, and all  other  liabilities
selected by Holder, immediately due and payable, less any unearned interest
or  other  charges and any rebates required by law (it being the  intention
hereof  that under no circumstances shall Holder be entitled to receive  at
any  time  any charges not allowed or permitted by law or any  interest  in
excess  of  the maximum allowed by law); to set off against this  Note  all
money  owed  by Holder in any capacity to the undersigned or any  guarantor
hereof,  whether or not due; and Holder shall be deemed to  have  exercised
such  right  of  setoff and to have made a charge against  any  such  money
immediately upon the occurrence of such default even though such charge  is
made   or  entered  in  the  books  of  Holder  subsequent  thereto.   Upon
disposition  of  any  collateral  after  the  occurrence  of  any  default,
undersigned shall be and remain liable for any deficiency; and Holder shall
account to undersigned for any surplus, but Holder shall have the right  to
apply  all  or any part of such surplus (or to hold the same as a  reserve)
against any and all other liabilities of undersigned to Holder.

     12.   FLORIDA LAW.  This Note is executed under seal and constitutes a
contract  under the laws of the State of Florida, and shall be  enforceable
in  a Court of competent jurisdiction in that State, regardless of in which
State this Note is being executed.

     13.   HEADINGS.  The headings of the paragraphs contained in this Note
are for convenience of reference only and do not form a part hereof and  in
no way modify, interpret or construe the meaning of the parties hereto.

    14. LATE CHARGE.  The undersigned promises to pay to the Holder of this
note a "late charge" not to exceed an amount equal to five per cent (5%) of
any  principal or interest which is not paid within ten (10) days from  the
due date thereof to cover the extra expense involved in handling delinquent
payments. Collection or acceptance by Holder of such late charge shall  not
constitute a waiver of any remedies of Holder provided herein.

    15. CROSS DEFAULT.  A default under this Note shall be and constitute a
default under any and all other notes or other evidence of indebtedness and
any  instruments of security therefor in which an Obligor is liable and  of
which  the  Holder  is the Holder and a default under any  other  loan  any
Obligor  has  at anytime to Holder or any other lender shall be  a  default
hereunder.

     16.     MISCELLANEOUS.

          a.      The term "Maker", as used herein, in every instance shall
include  the  Maker's heirs, executors, administrators,  successors,  legal
representatives and assigns, and shall denote the singular  and/or  plural,
the  masculine  and/or  feminine,  and natural  and/or  artificial  persons
whenever and wherever the context so requires or admits.

           b.       This  Note may not be changed orally, but  only  by  an
agreement in writing, signed by the party against whom enforcement  of  any
waiver, change, modification or discharge is sought.

      All payments made on the indebtedness evidenced by this Note shall be
applied  first to repayment of monies paid or advanced by Holder on  behalf
of  the  Maker  in  accordance with the terms  of  the  Security  Agreement
securing  this Note, and thereafter shall be applied to payment of  accrued
interest, and lastly to payment of principal.

MAKER AND HOLDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE  THE
RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
HEREON,  OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE INCLUDING
BUT NOT LIMITED TO ANY POST JUDGMENT ACTIONS AND ANY AGREEMENT CONTEMPLATED
TO BE EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EITHER PARTY.
THIS  PROVISION IS A MATERIAL INDUCEMENT FOR THE HOLDER MAKING THE LOAN  OR
EXTENSION OF CREDIT EVIDENCED BY THIS NOTE.

                                                   (Initials)

Address of Maker:
2441 Viscount Row
Orlando, Florida 32809                  GALAXY NUTRITIONAL FOODS, INC., a
                                        Delaware corporation authorized to do
                                        business in the State of Florida

                              By:  /s/ CHRISTOPHER J. NEW
                                   -------------------------------
                                   CHRISTOPHER J. NEW
                                   Chief Executive Officer

                              TAXPAYER IDENTIFICATION NUMBER:

                              _______________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]